Captain Pipes Limited has responded to a clarification request from BSE regarding recent movements in its share price, stating that the fluctuations are purely market-driven with no undisclosed material information pending from the company.

BSE Clarification Response

The company submitted its formal response on April 07, 2026, addressing BSE's letter reference number L/SURV/ONL/PV/SJ/ 2026-2027 / 3495 dated April 06, 2026. The response was signed by Managing Director Mr. Gopal D. Khichadia.

Company's Position on Price Movement

Captain Pipes emphasized that it has disclosed all material information bearing on its operations and performance to the stock exchange. The company confirmed compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, within stipulated timeframes.

The management attributed the share price movement to market conditions and stated that it represents a combination of various market factors. The company explicitly confirmed that there is no pending information or announcement that may have a bearing on the price movement.

Regulatory Compliance Commitment

The company reiterated its commitment to maintaining compliance standards under listing regulations and other applicable laws. Captain Pipes assured continued adherence to all required compliances going forward.

The response letter was digitally signed and submitted from the company's registered office located at Survey No. 257, Plot No. 23 to 28, N.H. No. 27, SHAPAR (Veraval), Dist. Rajkot, Gujarat.

Captain Pipes Limited has filed its quarterly certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The regulatory submission was communicated to the Bombay Stock Exchange on April 7, 2026, by Managing Director Gopal D. Khichadia.

Quarterly Dematerialization Report

The company's registrar and share transfer agent, Bigshare Services Private Limited, provided detailed confirmation regarding dematerialization activities during the quarter. The report covers the period from December 31, 2025 to March 31, 2026.

Regulatory Compliance Details

Bigshare Services Private Limited, operating from their Ahmedabad office, confirmed that no securities were received from depository participants for dematerialization during the specified quarter. As a SEBI registered Category I Registrar and Transfer Agent, the company maintains strict compliance with regulatory requirements.

The certificate specifically states that since no securities were processed for dematerialization, no certificates required mutilation and cancellation. Consequently, there was no need for substitution of depository names in the register of members as registered owners within the mandated 15-day period.

Company Information

Captain Pipes Limited operates from its registered office and works located at Survey No. 257, Plot No. 23 to 28, N.H. No. 27, Shapar (Veraval), District Rajkot, Gujarat. The company trades on BSE under scrip number 538817.

Regulatory Framework

This filing aligns with SEBI circulars NSDL/CIR/II/5/2019 and CDSL/OPS/RTA/POLICY/2019/14, both dated January 25, 2019. The regulations ensure transparency in share dematerialization processes and maintain accurate records of securities held in electronic form by listed companies.