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The latest update is out from Ahlada Engineers Limited ( (IN:AHLADA) ).
Ahlada Engineers Limited has announced that their imported machinery under the EPCG Scheme has been seized by the Customs Department in Hyderabad due to alleged noncompliance with export obligations. The company contends that they have applied for an extension of time to meet these obligations, which is still under consideration. This seizure is expected to impact the company’s operations, and they are planning to pursue legal action to address the situation.
More about Ahlada Engineers Limited
Ahlada Engineers Limited operates in the engineering industry, focusing on the importation of machinery and capital goods under the Export Promotion of Capital Goods (EPCG) Scheme.
Average Trading Volume: 34,427
Technical Sentiment Signal: Sell
Current Market Cap: 820.9M INR
See more data about AHLADA stock on TipRanks’ Stock Analysis page.