Echjay Industries Risk Report

⚖️ Legal & Regulatory

Echjay Industries has been involved in several legal proceedings that highlight the regulatory environment it operates in. The major legal concerns seem to revolve around tax and contractual matters. These events could potentially have a significant impact on the company's operational freedom and financial standing.

• Compensation received by Echjay Industries on account of defective product cannot be adjusted with WDV of assets, as ruled by ITAT 🗓 September 20, 2023.
• The Bombay court ruled that a non-compete clause is invalid post-termination as it results in restraint of trade 🗓 October 21, 2024.

📜 Innovation & R&D

While direct mentions of innovation initiatives are not present, the company's involvement in industry conferences suggests an engagement with industry best practices and potentially new developments. Engagement in such activities could drive future growth opportunities.

• India’s premier conference and exhibition, Forgetech 2023, received an overwhelming response from the Indian forging industry, highlighting a strong engagement with sector innovation 🗓 October 12, 2023.