IOL Chemicals Receives ₹2.06 Crore Customs Penalty Order

IOL Chemicals received an Order-In-Original from Kandla Customs imposing total levies of ₹2.06 crore for alleged FTA exemption non-compliance.
The order includes differential duty of ₹27.97 lakh, penalties of ₹1.28 crore, and redemption fine of ₹50 lakh for incorrect ASEAN-India FTA certificates.
The company states the order has no material financial or operational impact and will file an appeal against the order.
Disclosure made under SEBI Listing Regulations 30 regarding regulatory action received on May 8, 2026.