Balurghat Technologies Ltd has issued a clarification to the Bombay Stock Exchange (BSE) surveillance department regarding significant movement in its share price, stating that the fluctuations are purely market-driven with no undisclosed material information.

Response to BSE Surveillance Query

The company responded on April 11, 2026, to a BSE communication dated April 9, 2026, which sought clarification on the notable price movement in the company's shares. The response was signed by Company Secretary and Compliance Officer Sushma Kumari Agarwal.

Regulatory Compliance Statement

Balurghat Technologies emphasized its commitment to regulatory transparency, stating that it has consistently informed the exchange of all events and information impacting company operations and performance. The company confirmed compliance with disclosure requirements under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management's Position

The company management clarified that no material information or events have been withheld that could impact share price movement. Balurghat Technologies assured that any future information requiring disclosure under SEBI regulations will be communicated in accordance with regulatory requirements.

The company attributed the share price movement entirely to market conditions, stating that management has no connection with such price fluctuations. This response follows standard protocol when companies address surveillance queries from stock exchanges regarding unusual trading activity.

Promoter Pawan Kumar Sethia has submitted a clarification letter to BSE Limited regarding terminology used in share acquisition disclosures under regulatory compliance requirements. The letter, dated March 14, 2026, addresses queries raised by the exchange on March 10, 2026, concerning disclosures made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Clarification on Acquisition Terminology

The primary focus of the clarification centers on the interpretation of the term "online" used in previous disclosure submissions. Sethia explained that the term was intended to indicate acquisitions made through open market transactions, not digital or electronic trading platforms as might be commonly understood. This clarification aims to ensure proper regulatory compliance and avoid any misinterpretation of the acquisition method.

Details of Share Acquisitions

The clarification letter provides comprehensive details of nine separate share acquisition transactions that occurred between December 15, 2025, and December 29, 2025. These transactions involved multiple members of the Sethia family and associated entities.

Regulatory Compliance Framework

The submission falls under the purview of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates disclosure requirements for substantial acquisitions. The clarification demonstrates the promoter group's commitment to maintaining transparency and ensuring accurate interpretation of regulatory filings.

Communication with Exchange

The formal communication was addressed to Rakesh Parekh, Special Assistant for Listing Compliance at BSE Limited. The letter requests the exchange to consider the term "online" in the disclosures as referring to open market acquisitions for compliance purposes under Regulation 29(2). This proactive approach to clarifying potential ambiguities reflects adherence to regulatory best practices and transparent communication with market regulators.