Fujiyama Power Systems fined ₹9 Lakhs by Magistrate

Fujiyama Power Systems Limited has been fined ₹9,00,000 (Rupees Nine Lakhs only) by the Ld. Chief Judicial Magistrate, Gautam Buddh Nagar. The penalty arises from a search and seizure by BIS on March 24, 2026, for non-compliance with BIS Standard Mark on certain products. The penalty of ₹3,00,000 was imposed on the company, its Chairman and Joint Managing Director Mr. Pawan Kumar Garg, and its CEO and Joint Managing Director Mr. Yogesh Dua. The total penalty has been paid by the company and the Joint Managing Directors. Following the payment, the company expects the release of seized products valued at ₹2.52 Crores (Rupees Two Crores and Fifty-Two Lakhs only). The company states the penalty has no material impact on its financials or operations.