Refuting the Kadungalloor panchayat president’s allegation, the Kerala State Small Industries Association (KSSIA) on Monday said CGR Metal Alloys Refining Company had obtained all valid licences.   
The row emerged after over 20-kg of the company’s gold, worth Rs 6 crore, was robbed from its unit in Edayar in a daring heist by a duo on bikes, on Friday. “The company, which was established in 1995, is recognised by BIS (Bureau of Indian Standards) and is licenced by the Ministry of Finance and DGFT,” the Association members told reporters in Ernakulam.