NIS Management Limited has issued a formal clarification to the Bombay Stock Exchange (BSE) regarding recent movements in its share price. The response, dated April 17, 2026, was issued by Managing Director Debajit Choudhury in compliance with regulatory disclosure requirements.

BSE Surveillance Inquiry

The clarification was prompted by an email from BSE's Surveillance Department dated April 16, 2026, with reference number L/SURV/ONL/PV/SJ/2026-2027/3745. The exchange sought an explanation for the recent price movement in NIS Management Limited's equity shares as part of its routine market surveillance activities.

Company's Response

In its detailed response, NIS Management Limited provided the following clarifications:

The company emphasized its consistent practice of disclosing all material information that may impact its operations, performance, or constitute price-sensitive matters. This disclosure practice is maintained in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Commitment

NIS Management Limited reaffirmed its commitment to transparency and timely disclosure. The company stated that it has been consistently disclosing material information in a timely and accurate manner, following the applicable principles of disclosure and transparency under SEBI regulations.

The Managing Director confirmed that to the best of the company's knowledge, there has been no material event or development as defined under Regulation 30 that could have influenced the company's operations, performance, or equity share price movement.

Management Assurance

The company reiterated its commitment to promptly inform the stock exchange of any material events or price-sensitive information as and when required. This assurance underscores the company's dedication to maintaining strict compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The clarification was signed by Debajit Choudhury, Managing Director (DIN: 00932489), and issued from the company's Kolkata office on April 17, 2026.

NIS Management Limited has submitted its quarterly compliance certificate to the Bombay Stock Exchange for the quarter ended March 31, 2026, fulfilling regulatory obligations under SEBI's depositories framework. The certificate was filed on April 10, 2026, by Managing Director Debajit Choudhury.

Regulatory Compliance Certificate

The submission addresses requirements under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate confirms that all securities received for dematerialization during the quarter were processed within stipulated timeframes and that proper verification procedures were followed.

RTA Certification Details

Maashitla Securities Private Limited, serving as the company's SEBI-registered Category-I Registrar and Transfer Agent, provided the underlying certification dated April 9, 2026. The RTA confirmed compliance with all regulatory requirements for the quarter.

Key RTA Information:

• Registration Number: INR000004370
• NSDL BP ID: IN201013
• CDSL RTA ID: 381
• Authorized Signatory: Mr. Mukul Agrawal

Dematerialization Activity Summary

The quarterly report reveals no dematerialization activity during the January-March 2026 period. Both acceptance and rejection tables for securities certificates show nil entries, indicating no physical certificates were submitted for conversion to electronic form.

Regulatory Framework Adherence

The filing demonstrates NIS Management's commitment to maintaining transparency in share transfer operations and adherence to SEBI's depositories regulations. The certificate confirms that the company maintains proper records and follows prescribed procedures for any dematerialization requests.

The submission was copied to both National Securities Depository Limited and Central Depository Services (India) Ltd, ensuring all relevant depositories are informed of the company's compliance status for the quarter.