The United States Department of Commerce (US DoC), International Trade Administration, has applied the 'adverse facts available' (AFA) methodology to Ecopure Specialities Limited, a step-down subsidiary of LT Foods Limited.
This action, part of an administrative review of the countervailing duty (CVD) order on organic soybean meal from India for the period January 1, 2023, to December 31, 2023, has resulted in the imposition of the highest possible CVD rate of 340.27% on Ecopure's exports to the United States.
The determination was communicated by the US DoC through a memorandum dated June 13, 2025.
Ecopure Specialities Limited is currently evaluating all available legal remedies in response to this imposition.
As of June 20, 2025, the impact of this administrative review on LT Foods Limited has not yet been determined.
LT Foods Limited announced that the Managing Director & CEO, Chief Corporate Development Officer, and Chief Financial Officer will attend meetings with analysts and investors.
A virtual meeting with Ambit Capital is scheduled for June 30, 2025, starting at 12:00 Noon (IST).
LT Foods Limited announced that the Managing Director & CEO, Chief Corporate Development Officer and Chief Financial Officer will be attending a physical meeting with NEPEAN CAPITAL on June 17, 2025, at 09:15 A.M (IST).
LT Foods Limited announced that the Chief Corporate Development Officer and Chief Financial Officer will attend meetings with analysts and institutional investors.
A virtual meeting with JUPITER FUND MANAGEMENT is scheduled for June 13, 2025, starting at 01:30 P.M (IST).