Lokesh Machines Secures DGQA Registration for Defence Manufacturing

1 min read     Updated on 22 Aug 2025, 12:33 PM
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Ashish ThakurBy ScanX News Team
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Overview

Lokesh Machines Limited has received a registration certificate from the Directorate General of Quality Assurance (DGQA) for defence manufacturing operations. This approval allows the company to participate in defence tenders, manufacture components for the Indian armed forces, and collaborate with defence contractors. Simultaneously, Lokesh Machines is working to resolve its listing on the U.S. OFAC Specially Designated Nationals and Blocked Persons list, having filed necessary documents through US-based lawyers.

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Lokesh Machines Limited , a prominent player in the manufacturing sector, has achieved a significant milestone in its expansion into the defence industry. The company has recently received approval for a registration certificate from the Directorate General of Quality Assurance (DGQA) for defence manufacturing operations.

DGQA Certification: A Gateway to Defence Manufacturing

The DGQA registration certificate is a crucial accreditation for companies aiming to participate in defence manufacturing in India. This certification signifies that Lokesh Machines has met the stringent quality standards and requirements set by the DGQA, which is the quality assurance organization of the Department of Defence Production, Ministry of Defence.

Implications for Lokesh Machines

This approval opens up new opportunities for Lokesh Machines in the defence sector, potentially allowing the company to:

  • Participate in defence tenders and contracts
  • Manufacture components and equipment for the Indian armed forces
  • Collaborate with other defence contractors and original equipment manufacturers

Company's Ongoing Efforts

While this development marks a positive step for Lokesh Machines in the defence sector, it's worth noting that the company is also addressing other challenges. According to the latest LODR (Listing Obligations and Disclosure Requirements) data, Lokesh Machines is actively working on resolving its listing on the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons list.

The company has filed necessary documents and information through its US-based lawyers in response to OFAC's questionnaire, seeking expedited removal or reconsideration of its designation. This proactive approach demonstrates Lokesh Machines' commitment to resolving regulatory issues and maintaining transparency with its shareholders.

Looking Ahead

As Lokesh Machines ventures into defence manufacturing with its newly acquired DGQA registration, the company appears to be positioning itself for potential growth in this strategic sector. Shareholders and market observers will likely be watching closely to see how this development, along with the resolution of the OFAC listing issue, will impact the company's future prospects and performance in both domestic and international markets.

The management of Lokesh Machines has assured stakeholders that they are taking all necessary steps to address the OFAC listing and will continue to provide updates on any future developments in this regard.

Historical Stock Returns for Lokesh Machines

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+10.00%+10.85%+4.03%+25.58%-37.62%+864.05%
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Lokesh Machines Takes Formal Steps to Address U.S. Sanctions Status

1 min read     Updated on 21 Aug 2025, 12:42 PM
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Reviewed by
Shriram ShekharBy ScanX News Team
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Overview

Lokesh Machines Limited, a Hyderabad-based manufacturer, has submitted a formal request to the U.S. Office of Foreign Assets Control (OFAC) for removal from the sanctions list. The company filed necessary documents through U.S.-based lawyers on August 20, 2025, in response to an OFAC questionnaire. This action follows a previous communication dated February 1, 2025. Lokesh Machines has assured shareholders of its efforts to resolve the sanctions issue and committed to maintaining transparency regarding future developments.

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*this image is generated using AI for illustrative purposes only.

Lokesh Machines Limited, a Hyderabad-based manufacturing company, has taken significant steps to address its current sanctions status with U.S. authorities. The company has formally submitted a request to the U.S. Office of Foreign Assets Control (OFAC) seeking removal from the sanctions list, marking a crucial development in its efforts to resolve its international compliance issues.

Request for Removal from OFAC Sanctions List

According to a recent disclosure by Lokesh Machines, the company has filed necessary documents and information through its U.S.-based lawyers in response to a questionnaire from OFAC. This action is aimed at expediting the removal or reconsideration of the company's designation on the list of Specially Designated Nationals and Blocked Persons.

Timeline of Events

The company's latest move follows a previous communication dated February 1, 2025, indicating ongoing efforts to address the sanctions issue. The recent filing of documents occurred on August 20, 2025, at 11:27 P.M. (US-EST) or 04:10 A.M (IST) on August 21, 2025.

Company's Assurance to Shareholders

In its disclosure to the stock exchanges, Lokesh Machines assured its shareholders that it is taking all necessary steps to secure the removal of the company's name from the OFAC sanctions list. The management expressed confidence that this recent action represents a significant step towards achieving this goal.

Commitment to Transparency

Lokesh Machines has committed to keeping the stock exchanges and its shareholders informed about future developments regarding its sanctions status. This commitment aligns with the company's obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

About Lokesh Machines Limited

Lokesh Machines Limited, with its registered office in Balanagar, Hyderabad, operates multiple manufacturing units across Balanagar, Bonthapally, Medchal, Toopran, and Ranjangaon-Pune.

Historical Stock Returns for Lokesh Machines

1 Day5 Days1 Month6 Months1 Year5 Years
+10.00%+10.85%+4.03%+25.58%-37.62%+864.05%
Lokesh Machines
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