Legal3 April 2026 at 02:21 pm
Fujiyama Power Systems Ltd. Faces Search and Seizure by Bureau of Indian Standards
AI Summary
Fujiyama Power Systems Ltd. has disclosed under Regulation 30 that the Bureau of Indian Standards (BIS) initiated a search and seizure operation on March 24, 2026, at one of the Company's facilities in Noida, Uttar Pradesh. The BIS seized certain products worth INR 2.52 Crores. The Company cooperated fully and is committed to maintaining integrity, corporate governance, and compliance. The action has not impacted the Company's operations. The Company is seeking legal advice for the release of the seized products, as it believes there is no apparent basis for the seizure.
Key Highlights
- BIS initiated search and seizure at Fujiyama Power Systems Ltd.'s facility in Noida, Uttar Pradesh.
- Certain products worth INR 2.52 Crores were seized by the BIS.
- The Company fully cooperated with the BIS officials.
- The Company is seeking legal advice for the release of the seized products.
- The Company believes there is no apparent basis for the seizure.