Fujiyama Power Systems Limited has received a show cause notice from the Office of Assistant Commissioner of Customs, Noida Customs Commissionerate, seeking recovery of differential duty amounting to ₹13.97 crore. The notice, dated June 17, 2026, alleges that the company mis-declared imported goods and claimed ineligible exemption benefits under Notification No. 57/2017-Customs. The customs authorities have proposed re-classifying the goods under a different tariff item, which would attract higher duties.

The dispute centers on goods imported in FY 2024-25 and prior periods, which were declared under Customs tariff item 85049090. The department contends these should be re-assessed under Customs Tariff Item 85044090. Consequently, the notice demands the recovery of ₹13,96,77,362 along with applicable interest under Section 28AA of the Customs Act, 1962, and proposes penalties. The company has been given 30 days to respond to the Principal Commissioner or Commissioner, Inland Container Depot, Dadri, Noida.

Fujiyama Power Systems stated that it does not concur with the findings and believes it has valid grounds to challenge the notice. The management intends to avail appropriate appellate remedies and file an appeal before the competent authority within the prescribed timelines. The company emphasized that it has already made a provision in its financial statements regarding this matter in accordance with applicable Indian accounting standards.

Key Details of the Show Cause Notice

The company confirmed that due to the existing provision, no additional material impact on its financial position or operations is presently envisaged, subject to the outcome of the appellate proceedings. The intimation was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fujiyama Power Systems Ltd will host a virtual analyst and investor meeting on June 24, 2026, at 2:00 PM IST to engage with the investment community. The interaction, hosted by Churchgate Partners, will provide a platform for the management to discuss the company's performance and outlook. No unpublished price sensitive information will be shared during this session, ensuring compliance with regulatory norms.

The meeting is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the schedule is subject to change due to exigencies on the part of analysts, institutional investors, or the company itself.

Meeting Details

The following table outlines the specifics of the scheduled interaction:

Investors can access further details regarding the meeting on the company's official website. The intimation was signed by Mayuri Gupta, Company Secretary and Compliance Officer, on June 18, 2026.