Fujiyama Power Systems Limited has informed the Exchange regarding the disclosure of a material event.
UTLSOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bureau of Indian Standards (BIS) conducted a search and seizure operation at Fujiyama Power Systems' Bawal, Haryana facility on April 28, 2026, seizing products worth INR 1.9 Crores. BIS alleges the company is not in compliance with BIS standard mark/hallmark requirements for certain products, which violates Section 28 of the BIS Act, 2016. This follows an earlier inspection at the company's Noida facility. The company claims the action has not materially impacted operations and believes there is no basis for believing the products violate BIS regulations. The company has submitted a formal response to BIS and is taking legal steps to secure release of the seized products.
While the company states operations remain unaffected and disputes the alleged violations, the search and seizure by BIS regulatory authorities could raise compliance concerns and reputational risk if the matter escalates to penalties or product recalls.