Announced Thu, 9 Jul · 17:50 IST
Removed from US OFAC SDN sanctions list
Regulatory & Legal View source PDF
LOKESHMACH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹337.05
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.9-5.9-6.2-4.0-2.1+1.8————
Up moveDown movePending
AI summary
Lokesh Machines has been removed from the US Treasury's OFAC Specially Designated Nationals (SDN) List, effective June 30, 2026. The Ministry of External Affairs confirmed this on July 8, 2026 through a formal letter. The company was earlier designated under Executive Order 14024. The Indian government engaged with US authorities during the review. Removal lifts restrictions and unblocks business ties with US banks, customers, suppliers, and partners.
Likely market impact
Positive. Ends US sanctions overhang, restores ability to deal freely with US-based banks, customers, and suppliers.