The company denied that US Food and Drug Administration has put any restriction on import of Dabur's product in market and would not impact its business there, Dabur said in a filing to the BSE.
"USFDA had not put any restriction on import and sale in the US, of products manufactured at Dabur's Alwar unit. The USFDA has, however, sought some additional information and we are in the process of submitting the same.
"This is a routine procedural matter and will not impact our business in the US," the company said, adding that it would have "no material impact on Dabur India".
The company also said that the issue had no linkages with the recent decline of its share price as it was market driven.
"Decrease in the share price of the company by 5.83 per cent (moving from Rs 273.19 to Rs 257.25) is a market driven and aforesaid news item and has no significant bearing on the same," Dabur said.
The company said this as a response to queries raised by the bourse, which had sought clarification from the company in the wake of some news reports over the USFDA issue.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
