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Shiv Texchem Limited has updated stakeholders on its inclusion in the OFAC sanction list. The company has appointed U.S.-based legal counsel to formally begin the process of seeking removal from the list. Shiv Texchem notes the removal process is detailed and multi-staged, with timeline updates to follow. The company reiterates it has no business dealings with any sanctioned jurisdictions or entities, and all business operations remain uninterrupted across product lines. The temporary shift to INR credit facilities continues to manage trade flows and working capital effectively.