Shiv Texchem Ltd — Important, 13-10-2025: Company Update

Shiv Texchem Limited clarifies its inclusion in the OFAC Sanctions List is erroneous, stating it has no dealings with Iran or sanctioned parties. The company is engaging a U.S. attorney to pursue delisting. Despite this, operations continue normally, with suppliers, customers, and banking partners remaining fully supportive. While U.S. dollar-denominated credit lines are temporarily paused, they are being replaced with INR credit lines or direct domestic settlements. This ensures continuous trade flow and maintains adequate liquidity and working-capital management.