Lokesh Machines Secures DGQA Registration for Defence Manufacturing
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
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+10.00% | +10.85% | +4.03% | +25.58% | -37.62% | +864.05% |