Conart Engineers Limited has issued a formal response to BSE Limited addressing inquiries about recent significant movement in its share price. The Mumbai-based construction engineering company submitted its clarification on April 13th, 2026, following BSE's communication dated April 9th, 2026.

Company's Position on Price Movement

The company has categorically stated that it is not aware of any information or events, including impending announcements, that could influence the price behavior of its shares and have not been disclosed to the exchanges. This response addresses concerns about potential undisclosed material information affecting stock performance.

Regulatory Compliance Confirmation

Conart Engineers has confirmed strict adherence to regulatory frameworks governing listed companies. The company explicitly stated it does not hold any unpublished price-sensitive information as defined under SEBI (Prohibition of Insider Trading) Regulations, 2015.

The engineering firm emphasized that the share price movement is purely market-driven and beyond the company's control. This clarification aims to address any speculation about internal factors influencing stock performance.

Commitment to Transparency

The company has reaffirmed its commitment to maintaining transparency with stock exchanges. Conart Engineers confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pledged to continue prompt disclosure of all material information and events as required.

Corporate Communication

The formal response was signed by Company Secretary Narendra D. Shah, demonstrating the company's commitment to proper corporate governance procedures. The communication follows standard regulatory protocols for addressing exchange inquiries about unusual stock price movements.

This clarification provides investors and stakeholders with official confirmation that no undisclosed corporate developments are influencing the recent share price volatility, attributing the movement entirely to market dynamics.

Conart Engineers Limited has secured a substantial construction work order worth ₹30.38 crores, marking a significant business development for the infrastructure company. The announcement represents a major milestone for the company in the construction and infrastructure development sector.

Project Details and Scope

The work order has been awarded by M/s. Powerstatic Solutions India Private Limited, Ahmedabad, for the construction of a new factory building and other related construction activities. The project will be executed at Sanand GIDC, District Ahmedabad, Gujarat, representing a domestic construction opportunity in one of Gujarat's prominent industrial areas.

Contract Terms and Conditions

The construction project operates under standard construction industry practices, ensuring adherence to established protocols and quality standards. The contract value may vary depending on any changes in the final layout plan and additional work requirements that may arise during execution.

Key aspects of the work order include:

• Nature of Work: Construction of new factory building and related infrastructure
• Contract Type: Domestic construction project
• Timeline: 8-month completion period from purchase order date
• Terms: Standard construction industry practices apply

Regulatory Compliance and Disclosure

Conart Engineers Limited made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this contract does not involve any related party transactions, and there are no interests held by promoters, promoter groups, or group companies in the entity that awarded the order.

This work order represents a significant addition to Conart Engineers Limited's project portfolio, reinforcing the company's position in the construction and infrastructure development sector. The project's location in Sanand GIDC, a key industrial hub in Gujarat, highlights the company's continued engagement in major industrial infrastructure development across India.