Fujiyama Power Systems Clarifies Delay in BIS Seizure Disclosure to Stock Exchange

Fujiyama Power Systems Limited has provided clarification to BSE regarding the delay in disclosing a search and seizure operation conducted by the Bureau of Indian Standards (BIS) at its Greater Noida facility. The regulatory action, which took place on March 24, 2026, resulted in the seizure of company products valued at ₹2.52 crores.

Details of the BIS Operation

The search and seizure operation was conducted at the company's facility located at Plot No. 51-52, Sector Ecotech1, Ecotech, extension-1, Greater Noida. During the surprise visit, BIS officials seized certain products worth ₹2.52 crores and took product samples, alleging non-compliance with BIS standard mark requirements under Section 28 of the BIS Act, 2016.

Parameter:	Details
Authority:	Bureau of Indian Standards (BIS)
Date of Operation:	March 24, 2026
Location:	Greater Noida facility
Value of Seized Products:	₹2.52 crores
Alleged Violation:	Section 28 of BIS Act, 2016
Disclosure Date:	April 08, 2026

Company's Clarification on Disclosure Delay

In response to BSE's query regarding the delayed disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, Fujiyama Power Systems explained that the information available immediately after the surprise visit was preliminary and incomplete. The company was awaiting formal communication from BIS outlining the proposed course of action.

Company Secretary and Compliance Officer Mayuri Gupta stated that the company undertook an internal assessment in consultation with legal advisors to evaluate the implications, including the materiality of the event. The delay occurred due to the need to verify facts, assess materiality, and await official confirmation from the regulatory authority.

Legal Assessment and Transparency Measures

The company emphasized that the delay was neither intentional nor deliberate. After waiting for formal communication from BIS within a reasonable time and receiving none, Fujiyama Power Systems proceeded to make the disclosure to stock exchanges on a suo motu basis to ensure transparency and avoid further delay.

Aspect:	Company's Position
Nature of Delay:	Unintentional, due to fact verification
Legal Consultation:	Conducted with advisors
Materiality Assessment:	Internal evaluation undertaken
Transparency Commitment:	Suo motu disclosure made

Operational Impact and Compliance

According to the company's previous disclosure, there is no material impact on financials, operations, or other activities arising from the BIS action, except for the seized products worth ₹2.52 crores. The company has maintained that its manufacturing and business operations continue without disruption.

Fujiyama Power Systems reiterated its commitment to timely and transparent disclosures in compliance with applicable regulatory requirements. The company continues to cooperate with BIS officials and is seeking appropriate legal counsel for the release of the seized products.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.20%	+9.46%	+24.22%	+6.24%	+6.24%	+6.24%

Fujiyama Power Systems Limited has executed a comprehensive incentive agreement worth ₹8.21 crore with UP Electronic Corporation Limited (UPLC), Government of Uttar Pradesh, under the UP Electronic Manufacturing Policy 2020. The agreement was signed on March 20, 2026, marking a significant milestone for the company's Phase-I implementation at its Dadri Plant in Uttar Pradesh.

Incentive Structure and Components

The approved incentive package comprises multiple components designed to support the company's manufacturing operations and growth initiatives. The comprehensive structure includes both immediate and long-term benefits spanning several years.

Component:	Amount (₹)	Disbursement Terms
Capital Subsidy:	7.50 crore	Five equal yearly instalments
Interest Subsidy:	29.62 lakh	5% p.a. on term loan for 7 years
Stamp Duty Reimbursement:	16.48 lakh	50% reimbursement of stamp duty paid
Lease Rental Reimbursement:	25.00 lakh	25% of lease rentals for 5 years
Total Incentive:	8.21 crore	Various terms

Policy Framework and Implementation

The UP Electronic Manufacturing Policy 2020 (1st Amendment-2022) serves as the foundation for this incentive disbursement. The policy is specifically designed to promote electronic manufacturing in Uttar Pradesh and attract investments to strengthen the state's industrial ecosystem. The approval pertains to Phase-I implementation at Fujiyama Power Systems' Dadri Plant facility.

Regulatory Compliance and Disclosure

The company has disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Mayuri Gupta signed the regulatory filing, ensuring full transparency with stock exchanges including NSE and BSE. All incentives remain subject to terms and conditions stipulated in the approval letter issued by UPLC.

Strategic Impact on Operations

This incentive agreement positions Fujiyama Power Systems to leverage substantial financial support for its manufacturing operations in Uttar Pradesh. The multi-component structure provides both immediate capital relief and long-term operational benefits, supporting the company's expansion and competitiveness in the electronic manufacturing sector.