Gita Renewable Energy Limited has formally responded to the BSE Surveillance Department's inquiry regarding significant price movement observed in its securities. The company addressed the exchange's concerns through an official communication dated March 13, 2026.

Company's Response to Price Movement

The renewable energy company acknowledged receipt of BSE's reference letter L/SURV/ONL/PV/SG/2025-2026/972 and provided a comprehensive response addressing the price volatility concerns. The company's management conducted a thorough review of recent trading activity to identify potential causes.

Regulatory Compliance and Disclosure

Gita Renewable Energy emphasized its commitment to regulatory compliance, specifically highlighting adherence to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company confirmed all necessary disclosures have been made to the exchange in a timely manner.

Key compliance aspects addressed include:

• Complete review of recent corporate developments
• Confirmation of no pending material announcements
• Assurance of continued regulatory compliance
• Commitment to prompt disclosure of future developments

Market Factors Attribution

The company attributed the observed price movement to market-driven factors and general investor sentiment, which remain beyond the company's control and influence. This explanation suggests external market conditions rather than company-specific developments drove the recent volatility.

Corporate Leadership

The response was signed by Santhana Magesh, serving as Company Secretary and Compliance Officer with membership number A78823. The digital signature was authenticated on March 13, 2026, at 16:53:12 +05'30', ensuring proper documentation and accountability for the regulatory response.

Gita Renewable Energy Limited has successfully completed its scheduled board meeting on February 10, 2026, resulting in the formal appointment of Mr. Santhana Magesh L as the Company Secretary and Compliance Officer. The appointment was made in compliance with SEBI regulations and represents a significant step in strengthening the company's corporate governance framework.

Board Meeting Outcome

The board meeting, which was previously scheduled to review quarterly financial results and organizational appointments, concluded with the formal appointment of the new Company Secretary. The meeting was conducted at the company's registered office in Gummidipoondi, Tamil Nadu, under the chairmanship of Managing Director Ramamoorthy Natarajan.

Key Management Appointment

Mr. Santhana Magesh L has been appointed as Company Secretary and whole-time Key Managerial Personnel (KMP) with effect from February 10, 2026. The appointment was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Profile

The newly appointed Company Secretary brings significant expertise to the role. Mr. Santhana Magesh L holds membership with the Institute of Company Secretaries of India (ICSI) under membership number A78823 and possesses a Bachelor's Degree in Commerce.

Compliance Officer Role

In addition to his role as Company Secretary, Mr. Santhana Magesh L will also serve as the Compliance Officer under Regulation 6(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Prohibition of Insider Trading Regulations) Regulations, 2015. This dual responsibility ensures comprehensive oversight of the company's regulatory compliance requirements.

Regulatory Compliance

The appointment follows all necessary regulatory procedures and has been communicated to BSE Limited in accordance with SEBI master circular no. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/202 dated January 30, 2026. The company has provided detailed disclosures as required under Regulation 30, ensuring full transparency with stakeholders and market participants.

The formal communication was digitally signed by Managing Director Ramamoorthy Natarajan (DIN: 00592027) and submitted to the stock exchange, demonstrating the company's commitment to maintaining proper corporate governance standards and regulatory compliance.