Fujiyama Power Systems has addressed the delay in its disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company explained that the delay was due to a surprise visit by officials from the Bureau of Indian Standards (BIS) at its Greater Noida facility on March 24, 2026. During this visit, certain product samples were taken, and inventory was seized, with the officials indicating that a formal communication or notice would follow.
At the time of the visit, the information available to Fujiyama Power Systems was preliminary and incomplete. The company awaited a formal notice from BIS to outline the proposed course of action. In response, Fujiyama Power Systems conducted an internal assessment with its legal advisors to evaluate the implications and materiality of the event while waiting for the formal communication from BIS to ensure complete and accurate facts.
However, as no further communication was received from BIS within a reasonable timeframe, Fujiyama Power Systems decided to proceed with the disclosure to the stock exchanges on its own initiative. The company emphasised that the delay was neither intentional nor deliberate but was necessitated by the need to verify facts, assess materiality, and await official confirmation from the regulatory authority.
Fujiyama Power Systems reiterated its commitment to timely and transparent disclosures in compliance with applicable regulatory requirements.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).