Innovators facade systems Limited has formally responded to BSE's inquiry regarding recent price movements in the company's stock, clarifying that no undisclosed price-sensitive information exists that could influence trading activity.

Regulatory Compliance Response

The company submitted its clarification on April 10th, 2026, addressing BSE's request under Regulation 30 of SEBI (LODR) Regulations, 2015. The response was signed by Nitin Kore, Company Secretary and Compliance Officer, and filed from the company's Thane office.

Key Clarifications Provided

The company's response addressed several critical aspects regarding the stock price movement:

Disclosure Compliance Statement

Innovators Facade Systems emphasized its consistent adherence to regulatory requirements, stating that the company has regularly informed BSE of all events and information impacting operations and performance. This includes all price-sensitive information as mandated under Regulation 30 and other applicable SEBI regulations.

The management clarified that the recent movement in the company's share price is purely due to market conditions and appears to be market-driven, over which the company has neither control nor specific knowledge of underlying reasons.

Ongoing Regulatory Commitment

The company reaffirmed its commitment to maintaining transparency and regulatory compliance. Management assured that they will continue to keep the stock exchange informed of any material information as required under SEBI (LODR) Regulations 2015, ensuring timely disclosure of events as and when they occur.

This clarification demonstrates the company's proactive approach to regulatory compliance and transparent communication with market participants and regulatory authorities.

Innovators Façade Systems Limited has successfully completed its postal ballot process, with all three resolutions receiving unanimous approval from shareholders. The company disclosed the complete proceedings and results to BSE Limited on 2 March 2026, following the conclusion of remote e-voting on 27 February 2026.

Postal Ballot Process and Timeline

The postal ballot notice dated 27 January 2026 was dispatched to shareholders on 28 January 2026, with the cut-off date for eligible shareholders set as 23 January 2026. The remote e-voting period commenced on 29 January 2026 at 09:00 AM (IST) and concluded on 27 February 2026 at 05:00 PM (IST).

MUFG Intime India Private Limited served as the Registrar and Transfer Agent, providing e-voting facility and technical services for the postal ballot process. Mrs. Priti Nikhil Jajodia of Jajodia & Associates, Practicing Company Secretary, was appointed as scrutinizer to ensure fair and transparent proceedings.

Director Appointment Resolution

The first resolution involved the appointment of Mrs. Gayatri Narendra Sharma (DIN: 07780778) as Non-Executive Non-Independent Director with effect from 27 January 2026. This special resolution received unanimous approval from all voting shareholders.

Mrs. Sharma was initially appointed as Additional Non-Executive Non-Independent Director by the Board on the recommendation of the Nomination and Remuneration Committee. She will be liable to retire by rotation in accordance with the Companies Act, 2013 provisions.

Related Party Transaction Approvals

Two ordinary resolutions were passed regarding material related party transactions. The second resolution approved modifications to the aggregate limit of transactions between the company and Innovators Contracting Works Private Limited (ICWPL), an associate of wholly owned subsidiary Innovators Engineering Works Private Limited.

The third resolution approved material related party transactions between the company and Parth Façade Solutions Private Limited (PFSPL) for an aggregate value not exceeding ₹25 crore during financial year 2026-27. Both transactions are to be conducted at arm's length pricing basis and in the ordinary course of business.

Regulatory Compliance

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. Company Secretary Nitin Kore (A37732) signed the disclosure documents from Thane, ensuring compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company published public advertisements in English and Marathi newspapers on 29 January 2026, informing shareholders about the completion of postal ballot notice dispatch. All resolutions were deemed passed on 27 February 2026, the last date of remote e-voting, with results declared on 2 March 2026.