Intimation Under Regulation 30 Of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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 on March 24, 2026 at Fujiyama Power Systems' facility in Noida, Uttar Pradesh. BIS seized products worth INR 2.52 crores, alleging the company failed to comply with BIS standard mark/hallmark requirements for certain products, in violation of Section 28 of the BIS Act, 2016. The company stated it fully cooperated with officials and is seeking legal advice to get the seized products released, claiming there is no apparent basis that the products violate BIS regulations. The company claims the operations have not been impacted and are continuing as usual.
This regulatory enforcement action raises compliance concerns. While the company claims no material impact, the seizure of INR 2.52 crore worth of products and potential legal proceedings could affect investor confidence, especially if further penalties follow the BIS investigation.