The company disclosed contingent liabilities worth Rs 4,717 crore, nearly 73 percent of its net worth, mainly from disputed tax claims under litigation. Any negative outcome could reduce future earnings or require large provisions.

LG Electronics India pays a fixed royalty of 2.3 percent of net sales for most products and 2.4 percent for LCD TVs and monitors. The promoter can increase fees up to 5 percent without shareholder approval, potentially affecting profit margins. A Rs 315 crore contingent liability is linked to royalty payments to the promoter. Post-listing, the South Korean parent will retain an 85 percent stake, limiting minority shareholder influence on key decisions.

Despite these concerns, LG Electronics India has reported strong financials. For FY25, revenue stood at Rs 24,367 crore with net profit at Rs 2,203 crore. EBITDA margins were 12.8 percent. The company is debt-free, with revenue growing 10.9 percent annually over recent years, showing healthy profitability and operational strength.

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Adani Total Gas Ltd. led the gains, jumping 7.99 percent to ₹655.45, followed by Adani Power Ltd. at 7.02 percent to ₹675.65. Adani Enterprises Ltd. rose 3.68 percent to ₹2,490.40, Adani Ports and Special Economic Zone Ltd. gained 1.19 percent to ₹1,429.60, and Adani Green Energy Ltd. climbed 2.96 percent to ₹1,007.85.

Brokerage Morgan Stanley initiated an “overweight” rating on Adani Power Ltd., setting a target price of ₹818, projecting a 29 percent upside. It cited timely project execution and new power purchase agreements as growth drivers, forecasting capacity and EBITDA to rise 2.5 and 3 times, respectively, by FY2033.

Year to date, Adani Power shares are up 28.12 percent, while Adani Ports has gained 17.14 percent.

SEBI’s final order dismissed Hindenburg’s claims of hidden related party transactions involving Milestone Tradelinks and Rehvar Infrastructure. The regulator ruled that under existing LODR rules (2018–2023), these entities were not classified as related parties to Adani companies, invalidating allegations of fraud.

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