Jyoti CNC Share Price: The stock price of Jyoti CNC Automation crashed over 16% on Monday (April 13) as France has started a probe against its subsidiary.

Company's material subsidiary in France is facing investigations from French authorities regarding export controls and export-documentation of machinery considered to be of dual-use French authorities have announced a set of measure;

1. seizure of certain bank accounts ~EUR 4.0 million and two residential properties owned by Jyoti SAS
2. The director general has been temporarily restricted from discharging any duties

These actions are not expected to have any adverse impact on business and operations of Jyoti CNC Automation Limited
Jyoti CNC automation contributed over 85% of revenue from operations for the Group.

"Over this week, certain relevant authorities for our material subsidiary Huron Graffenstaden SAS had initiated investigation against Huron Graffenstaden SAS and certain of its employees where such employees had been interviewed by French authorities regarding export controls and export-documentation of machinery considered to be of dual-use," the company said in its April 12 dated exchange filing.

"While we await any formal outcome of the investigation, we have been made aware about interim measures having been taken by the French authorities as under:

1. The director general of Huron Graffenstaden SAS has been temporarily restricted from discharging any duties pertaining to Huron Graffenstaden SAS;
2. Interim seizure of certain bank accounts of Huron Graffenstaden SAS totalling ~EUR 4.0 million and two residential properties owned by Jyoti SAS
3. A formal judicial investigation has been initiated by French authorities against Huron Graffenstaden SAS and certain of its employees."

It added that Huron Graffenstaden SAS has received a notice regarding the actions, "refutes the allegations made and is currently seeking better clarity from relevant authorities as well as legal advice in relation to the actions initiated and will contest it strongly."

France subsidiary (Huron Graffenstaden SAS) background-

Company serves as a critical European hub for advanced manufacturing specialises in high-precision 5-axis CNC machines for industries like aerospace, automotive, and defence.
In November 2025-Huron inaugurated an expanded facility in France, 2x its production capacity to meet growing global demand.

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