Kumbhat financial services Limited has responded to BSE's inquiry regarding significant price movement in its shares, clarifying that the recent volatility appears to be purely market-driven. The company issued the clarification on March 17, 2026, following BSE's email dated March 16, 2026, which sought explanation for unusual price and volume behavior in the stock.

Company's Position on Price Movement

In its official response, Kumbhat Financial Services stated that it is not aware of any information or impending announcements that could have influenced the share price movement. The company emphasized its commitment to transparency and regulatory compliance in its communication to the exchange.

Regulatory Compliance and Disclosure Practices

The company highlighted its adherence to disclosure requirements under SEBI regulations. Key aspects of their compliance framework include:

• Prompt disclosure of all material events and information
• Regular updates on operations and performance developments
• Timely sharing of price-sensitive information as mandated under Regulation 30 of SEBI LODR Regulations, 2015
• No withholding of material information that could impact share price

Management's Assessment

Managing Director Sanjay Kumbhat signed the clarification, attributing the price movement to market dynamics rather than any specific corporate developments. The company maintained that the share price behavior reflects investor sentiment and market forces rather than any undisclosed material information.

Investor Access and Transparency

Kumbhat Financial Services ensures that all regulatory disclosures are made available on its official website at kumbhatfinancialserviceslimited.com for easy investor access. This practice aligns with SEBI LODR Regulations requirements for maintaining transparency with stakeholders and providing convenient access to material information.

Kumbhat Financial Services Limited has officially announced a significant change in its key managerial personnel through a formal communication to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015. The company has appointed a new Company Secretary and Compliance Officer as part of a planned leadership transition.

Leadership Transition Details

The transition involves the departure of Mohan Raj S, who ceased to be the Company Secretary and Compliance Officer with effect from the close of business hours on February 28, 2026. This change was communicated as a continuation of the company's previous stock exchange intimation dated February 09, 2026.

New Appointee Profile

Bharath Selva Ganesh P brings substantial qualifications to his new role as Company Secretary and Compliance Officer. According to the official disclosure, his educational background and expertise include:

Regulatory Compliance and Terms

The appointment has been made in strict accordance with regulatory requirements. The company has complied with the provisions of Regulation 30 read with Schedule III of the Listing Regulations and the SEBI Circular dated November 11, 2024, bearing reference number SEBI/HO/CFD/PoD2/CIR/P/0155.

The terms and conditions of employment and remuneration for the new Company Secretary shall be as per the extant policy of the company. This ensures continuity in the company's compliance and secretarial functions while maintaining adherence to all regulatory requirements.

The official announcement was signed by Sanjay Kumbhat, Managing Director (DIN: 03077193), and communicated to BSE Limited for information and record purposes, ensuring full transparency with stakeholders and regulatory authorities.