NSEUpdates1 Jul 2026 · 1 Jul 2026, 06:15 pm
Updates
Lokesh Machines Limited · LOKESHMACH
✦ AI Summary▲ PositiveRegulatory
Lokesh Machines Limited has informed the Exchange regarding the expected impact of its removal from the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctions list on its business operations.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Lokesh Machines Limited has informed the Exchange regarding 'Update on the Impact of Removal from the United States Department of the Treasury's Office of Foreign Assets Control ("OFAC") Sanctions List.'.
Attachments (1)
📄pdf
Download →
LOKESHMACH_01072026181455_Reg30UpdateSE.pdf
View document text
Regd. Office: B-29, EEIE Stage II, Balanagar,
Hyderabad - 500 037, Telangana, INDIA
Phone: +91-40-23079310,11,12,13, Email: info@lokeshmachines.com
Website: www.lokeshmachines.com, CIN: L29219TG1983PLC004319
July 01, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services Listing Department
Floor 25, PJ Towers, Dalal Street Plot No. C/1, G Block, Exchange Plaza
Mumbai- 400001 Bandra Kurla Complex, Bandra (E)
Mumbai- 400051
Scrip Code: 532740
Company Code: LOKESHMACH
Dear Sir/Madam,
Sub: Update on the Impact of Removal from the United States Department of the Treasury's
Office of Foreign Assets Control ("OFAC") Sanctions List-reg.
With reference to the Company's removal from the sanctions list maintained by the United States
Department of the Treasury's Office of Foreign Assets Control ("OFAC"), we wish to inform you of
the expected impact of the said development on the Company's business operations.
Consequent to the aforesaid removal, the Company is permitted, subject to applicable laws and
regulations of the United States, to engage in transactions with U.S. persons and access the U.S.
financial system. This also facilitates U.S. dollar-denominated transactions, subject to compliance
with all applicable legal and regulatory requirements.
Further, the Company's removal from the OFAC Specially Designated Nationals and Blocked
Persons ("SDN") List is expected to facilitate the normalisation of its international business
operations and transactions with domestic MNCs.
The Company remains committed to maintaining the highest standards of regulatory compliance. In
this regard, hereafter we continue to work closely with our legal counsel, CMS Indus Law, to ensure
ongoing compliance with applicable OFAC regulations and other relevant laws, with a view to
avoiding any legal or regulatory discrepancies in the future.
This is for your information and record.
Thanking You,
Yours sincerely,
For Lokesh Machines Limited
P. Kodanda Rami Reddy
Company Secretary & Compliance Officer
Units: Balanagar, Bonthapally, Medchal, Toopran, Ranjangaon-Pune.