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Awaiting price reaction for this filing.
Ecoplast Ltd has informed the stock exchange that it received a Show Cause Notice (SCN) from the Director General of Foreign Trade (DGFT), Mumbai on August 12, 2025. The notice relates to alleged non-fulfillment of export obligations under an advance authorization with a CIF value of Rs. 1.62 crore (Rs. 1,62,23,647). The SCN has been issued under Section 14 of the Foreign Trade (Development & Regulation) Act, 1992, which could lead to action under Sections 11, 12, and 13 of the Act. The company has stated that there is no financial impact, as it had already submitted the required export obligation documents on February 8, 2021. The company is likely to respond to the notice with the documentary evidence already filed.
Investors should note this is a regulatory notice, not a penalty yet. Since the company claims it already submitted the required documents back in 2021, the matter may be resolved in its favour. However, if the DGFT does not accept the company's position, potential penalties or consequences under the Foreign Trade Act could arise, though the company has stated no financial impact currently.