The Company is assessing the operational, regulatory and financial implications of the revised SION norms and in consultation with industry bodies, is considering appropriate representations ....
NITTAGELA · price
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Nitta Gelatin India has informed BSE that the DGFT (Ministry of Commerce) has revised the Standard Input Output Norms applicable to manufacture and export of Gelatin and Ossein. The permissible input-output ratio for making 1 MT of Gelatine has been cut sharply from 7.35 MT to 3.92 MT of gel bones, and a fresh norm of 2.24 MT of gel bones has been fixed per 1 MT of Ossein. The company imports gel bones as a key raw material, so the tighter norms directly affect its import entitlement and operations. Nitta is currently evaluating the operational, regulatory, and financial fallout and plans to make representations before the Ministry of Commerce and industry bodies seeking reconsideration of the norms.
Potentially negative for the stock — the tighter SION norms may restrict the company's ability to import raw material at the required volumes, which could pressure margins and export volumes. The actual financial hit is still uncertain and depends on whether the company's representations succeed, making this a key development to track.