Indian Energy Exchange on Monday said it is not aware of any undisclosed information that could explain the recent fall in its share price, following reports around draft market coupling norms issued by the power sector regulator.
“This is a regulatory consultative exercise initiated by the regulator, and not the outcome of any negotiations, arrangements, or events,” IEX said in its exchange filing.
In a clarification to the exchange, the company said the news item referring to a nearly 6% decline in its shares was linked to a draft notification issued by the Central Electricity Regulatory Commission (CERC) proposing amendments to the Power Market Regulations, 2021. The draft regulations, released for stakeholder consultation, are already in the public domain, IEX said.
Read More: CERC Proposes Market Coupling To Centralise Power Price Discovery
The exchange added that the proposed amendments are a continuation of CERC’s suo motu order dated July 23, 2025, which had directed the implementation of market coupling in the Day-Ahead Market segment with effect from January 2026. That order had been duly disclosed to stock exchanges earlier in line with Sebi’s listing regulations.
“This is a regulatory consultative exercise initiated by the regulator, and not the outcome of any negotiations or arrangements involving the company,” IEX said, responding to queries from the exchange. It also clarified that it is not aware of any material information that has not been disclosed and which could explain the movement in the stock.
According to the filing, the share price movement appears to be market-driven and based on publicly available information, including the draft regulations. The company said there are no regulatory or legal proceedings initiated against it in relation to the matter.
