Gita Renewable Energy Limited has issued a formal response to BSE Limited regarding an inquiry about significant price movement observed in the company's securities. The response, dated March 13, 2026, was submitted by Company Secretary and Compliance Officer Santhana Magesh to address BSE's surveillance query.

Company's Position on Price Movement

The renewable energy company provided a comprehensive clarification regarding the recent price volatility in its scrip. The management confirmed that after thorough review, no undisclosed material events, price sensitive information, or corporate developments at the company level have caused or contributed to the observed price movement.

Regulatory Compliance and Disclosure

Gita Renewable Energy emphasized its adherence to regulatory requirements and transparency standards. The company stated it has maintained full compliance with disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All necessary disclosures have been made to the exchange in a timely manner, with no pending announcements or material information awaiting disclosure.

Market Factors Attribution

The company attributed the observed price movement to external market dynamics beyond its operational control. According to the response, the price volatility appears to result from market-driven factors and general investor sentiment rather than company-specific developments. This explanation suggests that broader market conditions and investor behavior patterns influenced the stock's performance during the period in question.

Ongoing Commitment

The management assured continued compliance with all applicable listing and disclosure obligations. The company committed to promptly informing the exchange of any material developments as they arise, maintaining its transparency standards and regulatory adherence going forward.

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.