Fujiyama Power Systems Delays Disclosure Due to BIS Visit and Pending Communication
Fujiyama Power Systems Ltd. has delayed the submission of a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay was due to a surprise visit by officials from the Bureau of Indian Standards (BIS) at the Company's Greater Noida facility on March 24, 2026. The BIS officials took product samples, seized certain inventory, and indicated that a formal communication would be issued subsequently. The Company undertook an internal assessment in consultation with its legal advisors to evaluate the implications and awaited formal communication from BIS. However, in the absence of any further communication from BIS within a reasonable time, the Company proceeded to make the disclosure to the Stock Exchanges.
Key Highlights
- Fujiyama Power Systems delayed a disclosure under SEBI regulations due to a BIS visit at its Greater Noida facility.
- BIS officials took product samples, seized inventory, and indicated a formal communication would follow.
- The Company conducted an internal assessment with legal advisors to evaluate the implications.
- Fujiyama Power Systems awaited formal communication from BIS but proceeded to make the disclosure due to delay.
- The event is considered material, leading to the disclosure being made on a suo motu basis.