Tamboli Castings Limited Exits Export-Oriented Unit Status

Tamboli Castings Limited, a wholly-owned subsidiary of Tamboli Industries Ltd, has formally exited its Export-Oriented Unit (EOU) status. The company received a final exit order from Kandla Special Economic Zone (KASEZ) authorities. The decision to exit the EOU scheme was taken as the company did not foresee any additional financial benefits under the prevailing regulatory and business environments. The exit from EOU status does not impact the company's export credentials or its recognition as a Two-Star Export House under the Foreign Trade policy of India. The company remains focused on its export business, and there is no material adverse impact on its financial position or operations.