Manorama Industries Clarifies Disclosure Delay on Customs Inquiry

Manorama Industries Ltd has provided a clarification to BSE regarding a delay in disclosing information related to an inquiry by the Special Intelligence & Investigation Branch, Customs, Indore. The inquiry concerns imports under the India-UAE CEPA. The company stated that no show cause or penalty orders have been issued. The delay was attributed to the time needed for internal review, reconciliation of records across multiple import consignments, and finalization of financial particulars, including a correction for one consignment. The company voluntarily paid ₹20,64,17,893/- and initiated recovery action against the supplier by issuing a debit note on August 10, 2026. The disclosure was made on the same day, acknowledging it exceeded the 24-hour timeline. The company emphasized the delay was not deliberate and committed to improving internal processes for timely disclosures.