Gini Silk Mills Limited has formally responded to BSE Limited's request for clarification regarding significant movement in the company's share price, confirming compliance with regulatory requirements and attributing the price volatility to market-driven factors.

Regulatory Compliance Confirmation

The company addressed BSE's clarification request dated April 10, 2026, emphasizing its adherence to SEBI (LODR) Regulations, 2015. Gini Silk Mills stated that it has been promptly informing the stock exchange of all events and information under Regulation 30 that may impact the company's operations or performance, including all price-sensitive information as required.

No Undisclosed Information

In its response, the company categorically stated that there is no undisclosed or price-sensitive information, nor any impending announcements or corporate actions that need to be communicated to stock exchanges at this time. The management clarified that no pending developments exist that could influence the price or volume behavior of the company's scrip.

Market-Driven Price Movement

The company emphasized that the share price movement is entirely due to prevailing market conditions, over which it has neither control nor specific knowledge of the underlying reasons. This response aims to clarify that the price volatility is not related to any internal corporate developments or undisclosed information.

Management Assurance

Managing Director Deepak Harlalka, who digitally signed the response on April 13, 2025, provided assurance that the company will continue to promptly inform exchanges of all material events, information, and actions as mandated under Regulation 30 of SEBI (LODR) Regulations. This commitment reinforces the company's dedication to maintaining transparency and regulatory compliance in its communication with stakeholders and regulatory bodies.

Gini Silk Mills Limited has filed its quarterly compliance certificate with BSE Limited, confirming adherence to SEBI depositories regulations for the fourth quarter and financial year ended March 31, 2026. The submission demonstrates the company's commitment to maintaining regulatory compliance in securities handling and depository operations.

Regulatory Compliance Submission

The company submitted the compliance certificate on April 09, 2026, to BSE Limited's Department of Corporate Services. The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, covering the reporting period ending March 31, 2026.

Certificate Authority and Verification

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated April 07, 2026. The RTA confirmed that securities received from depository participants for dematerialization up to March 31, 2026, were properly processed and confirmed to the depositories.

The certificate validates several key compliance aspects:

• Securities received for dematerialization were confirmed within regulatory timelines
• All securities comprised in certificates have been listed on the stock exchange
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within 15 days of receipt

Management Authorization

Deepak Harlalka, Managing Director with DIN 00170335, digitally signed the submission on April 09, 2026, at 17:07:38 +05'30'. The digital signature confirms the authenticity and authorization of the regulatory filing by the company's senior management.

Regulatory Framework Context

The SEBI (Depositories and Participants) Regulations, 2018, under Regulation 74(5), mandates companies to ensure proper handling of securities during the dematerialization process. This quarterly compliance certificate serves as a formal confirmation that the company and its RTA have adhered to prescribed procedures for securities handling, participant verification, and timely processing of dematerialization requests during the specified reporting period.