DGFT Order Places Company on Denied Entity List for Export Obligation Default
DGFT (Joint DGFT, Pune) order dated 13.08.2024 placed the company in the Denied Entity List for violation of export obligation under licence no. 3111001781.
- DGFT Order Date
- 13.08.2024
- Action
- Placed in the Denied Entity List
- Licence Number
- 3111001781
- Violation Type
- Violation of export obligation under licence
- SEBI Letter Date
- 29 Sept 2026
What was disclosed
The company intimated the exchanges about an order issued by the Director General of Foreign Trade under sub-section 2 of Section 9 of the Foreign Trade (Development & Regulation) Act, 1992.
Key details
- Authority: Office of the Joint Director General of Foreign Trade, Pune
- Action: Licence number 3111001781 put in the Denied Entity List
- Order date: 13 August 2024
- Alleged contravention: Violation of the Export Obligation
- Impact stated by the company: None – no material impact on financials, operations or other activities
Why it is being reported now
The company said it had taken the view that the letter did not fall within the events requiring disclosure under the relevant sub-para of Schedule III of the SEBI LODR Regulations, and therefore did not submit the disclosure earlier. On receipt of a SEBI letter dated 29 September 2026, it has now shared the information.
How to read it
Being placed in a Denied Entity List is a restriction connected to foreign trade benefits tied to the specified licence. The company's own assessment is that there is no material financial or operational impact. The delayed disclosure, prompted by a SEBI communication, is a point investors may note on the compliance side.
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