Kay Power & Paper Ltd has responded to an inquiry from BSE Limited regarding significant movement in its share price, clarifying that the fluctuation is purely market-driven. The company issued its response on April 9, 2026, following a BSE inquiry dated April 7, 2026.

Company's Official Response

In its communication to BSE Limited, Kay Power & Paper Ltd stated that the price movement in its scrip is purely due to market conditions and absolutely market driven. The management emphasized that it neither has any control nor knowledge of the reasons for the significant movement in the company's share price.

Regulatory Compliance Commitment

The company has reaffirmed its commitment to regulatory compliance and transparency. Kay Power & Paper Ltd stated that it has made and will continue to make all relevant disclosures in compliance with its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication was signed by Sagar Mohite, Company Secretary and Compliance Officer, and submitted to the Department of Corporate Services at BSE Limited. The company requested BSE to take the clarification on record, maintaining its stance that the price movement is entirely market-driven without any undisclosed material information.

Kay Power & Paper Ltd has filed its quarterly compliance certificate with BSE Limited for the quarter ended 31st March 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations 2018.

Regulatory Compliance Filing

The company submitted the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 on 8th April 2026. Company Secretary and Compliance Officer Sagar Mohite signed the submission letter addressed to BSE Limited's Department of Corporate Services.

Registrar Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated 3rd April 2026. The certificate confirms adherence to dematerialisation processes and regulatory timelines during the quarter.

Certificate Confirmations

The registrar's certificate validates several key compliance aspects for Q4FY26:

• Securities received from depository participants for dematerialisation were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were confirmed or rejected within prescribed timelines
• Certificates were mutilated and cancelled after due verification by depository participants
• Depositories' names were substituted in the register of members as registered owners

Stakeholder Communication

The company copied both major depositories on the submission - National Securities Depository Limited and Central Depository Services Limited - ensuring comprehensive regulatory communication. This filing demonstrates Kay Power & Paper Ltd's commitment to maintaining transparency and regulatory compliance in its securities operations.

The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, confirming the registrar's validation of the company's dematerialisation processes during the reporting period.