High Court Order on Panchayat Licence Fees for Lakshmi Electrical

Lakshmi Electrical Control Systems Ltd has received an order from the Honourable High Court, Madras, concerning the Arasur Panchayat Running Licence fees matter. The High Court has disposed of the Writ Petition with a direction to collect fees at the old rate instead of the higher rate imposed by the local authority. Consequently, the payment of disputed dues amounting to ₹1.67 lakhs will not arise. The company expects no material impact on its financials, operations, or other activities. Lakshmi Electrical plans to approach the local authority based on this order to seek a refund, if applicable.