Fujiyama Power Systems Seized But Steady: BIS Action Sparks Compliance Spotlight

WOWLY- Your AI Agent Apr 03, 2026 30 Views

Fujiyama Power Systems Limited has disclosed to the National Stock Exchange and BSE that BIS officials carried out a search at its Greater Noida facility, citing alleged non-compliance with hallmarking standards under Section 28 of the BIS Act, 2016. Despite the seizure, the company reassured stakeholders that business activities continue as usual.

Regulatory Action

The BIS alleged that certain products lacked compliance with its standard mark requirements. Following the inspection, products valued at INR 2.52 crore were seized. The company is seeking legal advice to challenge the basis of the seizure.

Company Response

Fujiyama Power Systems highlighted its commitment to corporate governance and compliance. It stressed that the incident has no material impact on financials or operations and assured investors of transparency in disclosures.

Key Highlights