Fujiyama Power Systems Limited has informed stock exchanges about a search and seizure operation conducted by the Bureau of Indian Standards (BIS) at its Bawal facility in Haryana on April 28, 2026. This development follows an earlier inspection at the company's Noida facility that was disclosed on April 03, 2026.

Details of the BIS Operation

The regulatory action took place at the company's manufacturing facility located at Plot No. 5 & 14, IMT Bawal, Sector 6, Industrial Estate, Phase-1, Rewari, Haryana. During the inspection, BIS officials seized additional products similar to those confiscated earlier from the Noida facility.

Alleged Violations and Legal Framework

BIS has alleged that the company is not in compliance with BIS standard marks for certain products, which constitutes a violation of Section 28 of the BIS Act, 2016. The seized products are worth ₹1.9 crores, representing the monetary value of the confiscated inventory.

The company has acknowledged the observations made by BIS and stated it is taking appropriate steps in consultation with legal advisors for the release of the seized products. Fujiyama Power Systems has also submitted a formal response to BIS regarding the earlier Noida facility inspection and is awaiting further proceedings, including the next hearing.

Company's Response and Operational Impact

Fujiyama Power Systems has emphasized its full cooperation with the regulatory authorities throughout the inspection process. The company provided all requisite information, documents, and clarifications as requested by BIS officials during the operation.

Regarding operational impact, the company has stated that the BIS action has not materially affected its operations, and business activities at the Bawal facility continue as usual. The management maintains that there is no apparent basis to believe that the products in question violate the BIS regulatory framework.

Regulatory Compliance and Corporate Governance

The company has reiterated its commitment to maintaining the highest standards of corporate governance, compliance, and operational integrity across all its facilities. Fujiyama Power Systems continues to extend full cooperation to authorities and has indicated it will furnish any additional information that may be required during the ongoing proceedings.

The disclosure was made under Regulation 30 of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding material regulatory developments affecting the company.

Fujiyama Power Systems Limited has completed the allotment of 4,90,828 equity shares to eligible employees under its Employee Stock Option Plan 2023. The company filed a resubmission of intimation with stock exchanges on April 28, 2026, correcting earlier incomplete disclosure regarding issue prices for the allotment.

Share Allotment Details

The allotment pertains to two separate tranches with different exercise prices. The company's earlier submission on April 25, 2026, contained incomplete disclosure with respect to the issue price, prompting the resubmission with complete and accurate details.

Post-Allotment Share Capital

Following this allotment, the company's total issued shares have increased significantly. The shares will be issued in dematerialised form and will rank pari passu with existing shares of the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company had earlier filed the ESOP statement with BSE and NSE on March 17, 2026, under filing numbers BSE: 262201 and NSE: 54076.

The resubmission was signed by Mayuri Gupta, Company Secretary and Compliance Officer, who acknowledged the inadvertent error in the earlier filing and requested the exchanges to take the revised submission on record.