Date: July 09, 2026
Regulatory Compliance Update
Lokesh Machines Limited has received formal confirmation from the Ministry of External Affairs, Government of India, regarding its removal from the US OFAC SDN List. The Ministry's letter dated July 8, 2026, confirms that the company was removed from the SDN List on June 30, 2026, as part of OFAC's public notice dated June 30, 2026.
Key Event Details
- Date of removal from SDN List: June 30, 2026
- Date of MEA confirmation letter: July 8, 2026
- Date of company receiving intimation: July 9, 2026 at 11:10 AM IST
- Regulatory basis for disclosure: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Background and Process
The Ministry of External Affairs engaged with concerned authorities of the US Government, including the U.S. Treasury and U.S. Department of State, during the review process. Following OFAC's review, the company was removed from the SDN List and is no longer designated under Executive Order 14024.
Consequences of Removal
The company has received formal communication from OFAC confirming that:
- Its designation has been removed from the SDN List
- Property and interests in property blocked solely as a consequence of that designation are now unblocked
Purpose of Disclosure
This confirmation is provided for the information of banks, financial institutions, customers, suppliers, business partners, and other interested parties that have business dealings with Lokesh Machines Limited.
Documents Referenced
- Ministry of External Affairs letter dated July 8, 2026 (Reference: WI/202/16/2026)
- OFAC public notification dated June 30, 2026 (accessible at https://ofac.treasury.gov/recent-actions/20260630)
- Formal communication from OFAC to the company (copy enclosed with MEA letter)