The entities delisted from OFAC’s Specially Designated Nationals (SDN) List are RRG Engineering Technologies Private Ltd, Lokesh Machines Ltd, Galaxy Bearings Ltd, and Shaurya Aeronautics Private Ltd. The companies had previously been designated under Executive Order 14024, which targets activities linked to Russia.
The delisting was announced as part of OFAC’s latest update to its SDN List, alongside the release of its quarterly report on licensing activities under the Trade Sanctions Reform and Export Enhancement Act (TSRA) for the January-March 2026 period.
Of the four Indian companies now removed from the sanctions list, Galaxy Bearings Ltd and Lokesh Machines Ltd are publicly listed.
Lokesh Machines, in an exchange filing, said OFAC had removed the company from the SDN List with effect from June 30, 2026, adding that all property and interests in property blocked solely because of the designation have been unblocked.
Separately, OFAC imposed fresh sanctions on multiple individuals and entities linked to drug trafficking networks. The latest additions include two Mexican nationals and several companies based in Mexico and the United Kingdom that were designated under counter-narcotics sanctions tied to the Jalisco New Generation Cartel (CJNG).
The quarterly report also outlined OFAC’s licensing activities related to exports of agricultural commodities, medicines and medical devices to Iran under the TSRA framework during the first quarter of 2026.
The removal of the four Indian firms from the SDN List means they are no longer subject to the Russia-related sanctions imposed under Executive Order 14024, according to the Treasury Department’s latest notification.
Shares of Galaxy Bearings were trading 20% higher at ₹719.20 on Wednesday, while Lokesh Machines were trading 5% higher at ₹285.70.
