New Delhi, April 13 -- Jyoti CNC Automation share price dropped more than 14% on Monday, April 13, following news that French authorities are probing its subsidiary, Huron Graffenstaden SAS, for purported breaches of EU export control regulations concerning dual-use technology machinery.

The inquiry has led to substantial interim actions, including the freezing of EUR 4.00 million in bank accounts, limitations on the director general's responsibilities, and the attachment of two residential properties.

Although the subsidiary denies the charges and continues its operations, the company asserts that the investigation will not negatively affect its standalone business activities, as the parent company accounts for over 85% of group revenu...