Shiv Texchem Addresses U.S. Treasury Sanctions List Inclusion Over Alleged Iranian Petrochemical Imports
Shiv Texchem Limited, a Mumbai-based company, has issued a clarification regarding its reported inclusion on the U.S. Treasury sanctions list for allegedly importing Iranian-origin petrochemical products. The company states it has not been directly contacted by the U.S. Department of Treasury about this matter. Shiv Texchem is reaching out to the U.S. Department of Treasury for more information and intends to provide relevant clarifications. The company disclosed this information to the Bombay Stock Exchange on October 13, 2025, in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.
Shiv Texchem Limited , a Mumbai-based company, has issued a clarification regarding its reported inclusion on the U.S. Treasury sanctions list. The company has been allegedly sanctioned for importing Iranian-origin petrochemical products, a claim that has prompted a swift response from the firm's management.
Company's Response
In a disclosure to the Bombay Stock Exchange (BSE) dated October 13, 2025, Shiv Texchem stated:
- The company has become aware of its name appearing on the U.S. Treasury Department's sanctions list.
- The alleged reason for the sanction is the importation of Iranian-origin petrochemical products.
- Shiv Texchem claims it has not been directly contacted or informed by the U.S. Department of Treasury regarding this matter.
Actions Taken
In response to this development, Shiv Texchem has outlined the following steps:
- The company is in the process of reaching out to the U.S. Department of Treasury to gather more information.
- Shiv Texchem intends to provide relevant clarifications to address the situation.
Key Details
Information | Details |
---|---|
Date of Event | October 09, 2025 |
Disclosure Date | October 13, 2025 |
Regulatory Compliance | Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |
Company CIN | L24110MH2005PLC152341 |
BSE Scrip Code | 544272 |
The company's management, led by Managing Director Vikas Pavankumar, has assured stakeholders that they are actively addressing the situation. As of now, Shiv Texchem maintains that it has not received direct communication from the U.S. Treasury regarding the sanctions.
This development highlights the complex interplay between international trade regulations and corporate operations, particularly in the context of sanctions against Iran. The situation underscores the importance of due diligence in international business transactions and the potential far-reaching consequences of geopolitical tensions on corporate entities.
Investors and stakeholders of Shiv Texchem are advised to monitor further updates from the company as it seeks clarification on this matter. The outcome of the company's communication with the U.S. Treasury could have significant implications for its international operations and compliance status.
Historical Stock Returns for Shiv Texchem
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.74% | -32.20% | -34.15% | -29.14% | -29.15% | -29.15% |