Olectra Greentech Limited (BSE: 532439 | NSE: OLECTRA)

Introduction

On 17 July 2026, Olectra Greentech Limited filed an intimation with both the BSE and NSE under Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing notifies that the company has been impleaded as a Respondent in a Public Interest Litigation (PIL) before the Hon’ble High Court of Telangana.

Key Points of the Litigation

• Parties Involved

  • Respondent: Olectra Greentech Limited (along with other parties)
  • Opposing Party: Ivlr. Perala Shekhar Rao
  • Court: Hon’ble High Court of Telangana

• Nature of the Dispute

  • The PIL challenges the acquisition of certain lands by the Telangana Industrial Infrastructure Corporation (TGIIC) and the subsequent allotment of those lands to various entities.
  • The dispute specifically concerns 150 acres of land allotted to Olectra at Sætharamapur, Hyderabad, intended for the construction of a greenfield EV manufacturing facility.

• Company’s Response

  • Olectra Greentech Limited is taking appropriate legal measures to defend its interests before the High Court.
  • No financial liability, compensation, or penalty has been identified at this stage. The annexed details state “Not Applicable” under expected financial implications.

Regulatory Compliance

• The intimation complies with Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates disclosure when a listed entity is involved in legal proceedings that may be of public interest.
• The filing includes Annexure‑A, summarizing the litigation details as required by the regulation.

Potential Impact on Investors

• Operational: The litigation pertains to land required for Olectra’s planned EV manufacturing plant. Any adverse court outcome could affect the timeline or feasibility of the project.
• Financial: The company has indicated no immediate financial impact (no compensation, penalty, or claim quantified).
• Risk: Investors should monitor subsequent court developments, as the resolution could influence project execution and related capital expenditures.

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Prepared on the basis of the corporate announcement dated 17 July 2026.