Ahmedabad Steelcraft Ltd has submitted a clarification to BSE Ltd regarding significant movement in its share price, stating that the company is unaware of specific reasons behind the price fluctuation. The clarification was issued on April 09, 2026, in response to queries about the notable share price movement.

Company's Position on Price Movement

The company emphasized that it has consistently maintained transparency with stock exchanges by disclosing all material information that could affect its operations and performance. Ahmedabad Steelcraft confirmed its compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring all necessary disclosures are made within stipulated timeframes.

Management's Statement

The management explicitly stated that they are not aware of any specific reasons for the significant share price movement. According to the company's submission, the price movement is purely market-driven and may result from a combination of various factors including prevailing market conditions. The company's leadership emphasized that the management is not connected with the movement in share price.

Regulatory Compliance

Ahmedabad Steelcraft reiterated its commitment to regulatory compliance and transparency. The company confirmed that all material information affecting its operations and performance has been disclosed to stock exchanges as required. This includes maintaining adherence to disclosure requirements under the SEBI Listing Regulations within the prescribed time limits.

The clarification was signed by Anuja Jain, Company Secretary and Compliance Officer, and submitted for BSE's records. The company requested that the clarification be taken on record by the exchange.

Ahmedabad steelcraft Limited announced its Q3FY26 financial results alongside a strategic corporate office relocation during its Board of Directors meeting held on February 14, 2026. The company demonstrated robust financial performance while implementing operational improvements.

Q3FY26 Financial Performance

The company delivered strong financial results for the quarter ended December 31, 2025, showing significant growth across key metrics compared to the previous quarter.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company showed exceptional growth compared to the corresponding period in the previous year.

Expense Management and Profitability

The company maintained effective cost management with total expenses of ₹5,572.27 lakh for Q3FY26. Purchase of stock-in-trade remained the largest expense component at ₹5,485.86 lakh, while employee benefits expense increased to ₹40.00 lakh from ₹32.59 lakh in the previous quarter.

Corporate Office Relocation

The Board approved the shifting of the corporate office to enhance operational efficiency.

Regulatory Compliance and Audit

The standalone un-audited financial results were prepared in accordance with Indian Accounting Standards (Ind-AS) and approved by the Audit Committee. M/s. Prateek Gupta & Co., Chartered Accountants, the company's Statutory Auditors, issued a Limited Review Report confirming compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's paid-up equity share capital stands at ₹1,509.20 lakh with a face value of ₹10 per share. The Board meeting was conducted efficiently from 3:00 p.m. to 4:00 p.m., with Chairman and Director Rohit Pandey (DIN: 03425671) overseeing the proceedings.