Indiamart Share Price in Focus After CCPA Serves Notice for Illegal Sale of Drones, GPS Jammers

Indiamart share price is in focus after the Central Consumer Protection Authority (CCPA) issued notice to the company for allegedly listing restricted drone and GPS jammers for sale in violation of consumer protection and telecom laws.

According to the Ministry of Consumer Affairs, Food and Public Distribution, other companies that have received the notices include Everse, Xboom, Javiat Aerospace, AirONE Robotics and MavericDrones & Technologies Pvt Ltd. 

Alleged Violations Under Consumer Protection Act

The CCPA said these devices were listed online without disclosing mandatory licensing requirements. The listings allegedly did not provide valid Equipment Type Approval (ETA) or Wireless Planning & Coordination (WPC) certification details.

Further, the platforms were accused of failing to clearly state that civilian possession and use of such devices without statutory authorisation is prohibited. The authority observed that the manner of listing could mislead consumers into believing that these devices are freely purchasable.

Regulatory And Trade Control Concerns

The CCPA has directed the entities to furnish procurement details, import licences, invoices and regulatory approvals. They have also been asked to disclose the legal basis for offering the equipment for commercial sale and provide the number of units sold over the last two years, along with purchaser details.

Additionally, the platforms must outline steps taken to discontinue such listings and prevent recurrence, and submit a complete list of similar radio frequency or wireless transmitting equipment offered.

Read more: MSEDCL to Clean 96,000 Cr from Balance Sheet, Expected to List by Dec 2026.

Conclusion

The regulatory scrutiny may weigh on investor sentiment, with Indiamart share price expected to react to further developments. Market participants will closely monitor the company’s response and any potential legal or compliance implications arising from the CCPA’s notice.

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