NSEAction(s) taken or orders passed6d ago · 14 Oct 2026, 03:36 pm
Action(s) taken or orders passed
Fujiyama Power Systems Limited · UTLSOLAR
✦ AI SummaryRegulatory
Fujiyama Power Systems Limited has received a penalty of INR 9,00,000 from the Ld. Chief Judicial Magistrate, Gautam Buddh Nagar, for non-compliance with the BIS Standard Mark in respect of certain contraventions committed during a search and seizure operation on March 24, 2026. The penalty has been paid and the company expects the seized products to be released.
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Fujiyama Power Systems Limited has informed the Exchange about Action(s) taken or orders passed
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UTLSOLAR2024_14102026153429_FPSL_Intimation_BIS_Penalty_Order.pdf
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October 14, 2026
The Manager The Manager
Listing Department Listing Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers
Bandra Kurla Complex Dalal Street, Fort
Bandra (E), Mumbai 400 051 Mumbai 400 001
Maharashtra, India Maharashtra, India
Scrip Symbol: UTLSOLAR Scrip Code: 544613
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”) - Order in relation to the search and seizure operation by the Bureau
of Indian Standards (“BIS”)
Reference: Our intimation dated April 03, 2026 regarding the search and seizure operation by the BIS at the
Company’s facility at Greater Noida, Uttar Pradesh.
Dear Madam/ Sir,
In continuation of our intimation dated April 03, 2026, and pursuant to Regulation 30 read with Schedule III of the
Listing Regulations and the SEBI Master Circular dated January 30, 2026, we wish to inform you that the Company
has received an order passed by the Ld. Chief Judicial Magistrate, Gautam Buddh Nagar on October 13, 2026, at 16:00
hours.
The order arises from the search and seizure carried out by BIS on March 24, 2026 at the Company’s facility at Plot
No. 51-52, Sector Ecotech-1, Extension-1, Greater Noida – 201310, Uttar Pradesh. By the said order, a penalty of INR
3,00,000 (Rupees Three Lakhs only) has been imposed on each of the following persons, aggregating to INR 9,00,000
(Rupees Nine Lakhs only):
(i) the Company, Fujiyama Power Systems Limited;
(ii) Mr. Pawan Kumar Garg, Chairman and Joint Managing Director; and
(iii) Mr. Yogesh Dua, CEO and Joint Managing Director.
The said penalty has been paid on October 14, 2026 by the Company and, in their personal capacity, by each of the
Joint Managing Directors. Pursuant to the payment of the penalty, the Company expects the products seized by BIS,
valued at INR 2.52 Crores (Rupees Two Crores and Fifty-Two Lakhs only), to be released and the seized inventory to
be unfrozen. The Company shall inform the Stock Exchanges upon receipt of the order for release of the seized
products.
The penalty does not have any material impact on the financials, operations or other activities of the Company, and the
operations of the Company continue as usual. The details required under Schedule III of the Listing Regulations, read
with the said Master Circular, are enclosed herewith as Annexure A.
We request you to kindly take the above on record.
Thanking You,
Yours Sincerely,
For Fujiyama Power Systems Limited
(Formerly Fujiyama Power Systems Private Limited)
Mayuri Gupta
Company Secretary and Compliance Officer
Membership No.: A75210
Encl. As above
Annexure A
Details pursuant to Schedule III of the Listing Regulations, read with the SEBI Master Circular dated January 30,
2026
S. No. Particulars Details
1. Name of the Authority Ld. Chief Judicial Magistrate, Gautam Buddh Nagar, Uttar
Pradesh, in proceedings arising from the search and seizure by the
Bureau of Indian Standards (“BIS”)
2. Nature and details of the action(s) Order dated October 13, 2026 imposing a penalty of INR 3,00,000
taken, initiated or order(s) passed on each of the following persons:
(i) the Company;
(ii) Mr. Pawan Kumar Garg, Chairman and Joint Managing
Director and
(iii) Mr. Yogesh Dua, CEO and Joint Managing Director;
aggregating to INR 9,00,000 (Rupees Nine Lakhs only).
The penalty has been paid on October 14, 2026 by the Company
and, in their personal capacity, by each of the Joint Managing
Directors. Pursuant to such payment, the release of the seized
products is expected.
3. Date of receipt of direction or October 13, 2026 at 16:00 hours
order, including any ad-interim or
interim orders, or any other
communication from the authority
4. Details of the violation(s)/ Non-compliance with the BIS Standard Mark in respect of certain
contravention(s) committed or products of the Company, in violation of Section 28 of the BIS
alleged to be committed Act, 2016, under which the penalty is imposed, as found in the
search and seizure conducted on March 24, 2026 at the
Company’s facility at Greater Noida.
5. Impact on financial, operation or There is no financial impact due to the penalty of INR 3,00,000
other activities of the listed entity, on the Company and the penalty of INR 3,00,000 each on the Joint
quantifiable in monetary terms to Managing Directors has been borne by them personally.
the extent possible On payment, the seized products valued at INR 2.52 Crores are
expected to be released. There is no material impact on the
operations or other activities of the Company.