Hind Aluminium Industries Limited has submitted a clarification to BSE Limited regarding recent movements in its share price, stating that the changes are attributable to market circumstances rather than any undisclosed company-specific developments.

BSE Inquiry and Company Response

The company received an inquiry from BSE on April 8, 2026, seeking clarification on the movement in the price of its security. In response, Hind Aluminium Industries filed its clarification on April 9, 2026, addressing the exchange's concerns about recent price volatility.

Regulatory Compliance Statement

The company emphasized its adherence to disclosure requirements under SEBI regulations. Hind Aluminium Industries stated that it has consistently informed BSE of all events and information impacting its operations and performance, including price-sensitive information as mandated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The management attributed the recent share price changes entirely to market circumstances that appear to be market-driven rather than company-specific factors. This suggests that no material undisclosed information exists that could explain the price movement.

Ongoing Compliance Commitment

The company reaffirmed its commitment to maintaining transparency with the stock exchange. Key aspects of their compliance framework include:

• Timely disclosure of all price-sensitive information
• Regular updates on events affecting company operations
• Adherence to SEBI listing regulations
• Proactive communication with stock exchanges

The clarification was signed by Ankita Vishwakarma, Company Secretary & Compliance Officer, who assured the exchange that the company will continue to provide required information as and when material events occur. This response demonstrates the company's commitment to maintaining regulatory compliance and transparency with market participants.

Hind Aluminium Industries Limited has executed a Business Transfer Agreement with Nirav Commercials Limited, marking a significant corporate development that requires shareholder approval before implementation.

Business Transfer Agreement Details

The company informed BSE Limited on 17th February 2026 about the execution of the Business Transfer Agreement (BTA) with Nirav Commercials Limited. This communication follows earlier intimations provided on 4th February 2026 and 13th February 2026, indicating ongoing discussions and preparations for this corporate transaction.

Regulatory Compliance and Next Steps

The Business Transfer Agreement has been executed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the effectiveness of the BTA remains contingent upon a crucial condition.

The agreement will become effective only after obtaining approval from the shareholders of Hind Aluminium Industries Limited. This requirement ensures that stakeholders have the opportunity to review and approve the proposed business transfer before its implementation.

Corporate Communication

The intimation was signed by Ankita Vishwakarma, Company Secretary & Compliance Officer, and submitted to the Corporate Relationship Department of BSE Limited. The communication was digitally signed on 17th February 2026 at 16:32:27 +05'30', demonstrating the company's adherence to digital compliance procedures.

The company has requested BSE Limited to take the information on record and update their records accordingly, ensuring proper documentation of this corporate development in the exchange's systems.