Lokesh Machines Limited — Important, 02-11-2024: General Updates

Lokesh Machines Limited has addressed reports suggesting its inclusion in the U.S. Department of Treasury's sanctions list. The company states it has not been contacted regarding this matter and is investigating further. They clarified that their exports to Russia since 2011 involve machines sold through distributors, none of whom are on any sanctions list. Additionally, Lokesh Machines asserts that it has no knowledge of its products being used for military purposes.