Fujiyama Power Systems Limited has informed the Exchange about a clarification sought by the Exchange
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The company received a query from NSE regarding delayed disclosure under SEBI LODR regulations. They clarified that BIS (Bureau of Indian Standards) officials conducted a surprise inspection at their Greater Noida facility on March 24, 2026. During the visit, product samples were taken and inventory was seized, with officials indicating a formal notice would follow. The company stated the information available was preliminary and incomplete at the time, so they awaited formal communication from BIS while conducting internal assessment with legal advisors. Unable to receive further communication from BIS, they eventually made the disclosure on a suo motu basis. The company maintains the delay was unintentional and occurred due to the need to verify facts and await official confirmation.
BIS enforcement action at the facility may indicate product quality or regulatory compliance concerns, though no formal notice or penalty has been issued yet. The delayed disclosure raises governance red flags but the company's proactive transparency may mitigate negative sentiment.