NLC India Limited has issued a clarification to BSE regarding the recent surge in trading volume of its shares, stating that the increased activity is purely market-driven with no undisclosed material information affecting the stock's performance.

BSE Inquiry and Company Response

The clarification came in response to BSE's email dated April 17, 2026, seeking explanation for the significant increase in trading volume of NLC India shares. The company's management addressed the exchange's concerns through an official communication under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management's Position on Volume Movement

NLC India's management clearly stated that there is no additional information or pending announcements that could have influenced the recent price and volume behavior of the company's shares. The company emphasized that the trading activity surge is entirely attributable to market conditions and market-driven factors.

The management also highlighted that NLC India has been consistently fulfilling its disclosure obligations by regularly disseminating price-sensitive information in accordance with SEBI regulations. This reinforces the company's commitment to transparency and regulatory compliance.

Regulatory Compliance Framework

The company's response demonstrates adherence to regulatory requirements under SEBI's listing obligations. Key aspects of the compliance framework include:

• Regular disclosure of material information under Regulation 30
• Prompt response to exchange inquiries
• Transparent communication with stakeholders
• Maintenance of proper documentation and records

The clarification was signed by Sushanta Kumar Panda, Company Secretary and Compliance Officer, ensuring proper authorization and accountability for the disclosure. This response reflects NLC India's proactive approach to addressing market concerns while maintaining regulatory compliance standards.

NLC India Limited has submitted its quarterly compliance certification under SEBI regulations for the quarter ended March 31, 2026. The certification, dated April 04, 2026, fulfills mandatory requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Filing Details

The company filed the certification with multiple regulatory bodies and stock exchanges:

Compliance Confirmations

NLC India confirmed adherence to three key regulatory requirements for the quarter:

• Share Listing Compliance: All shares received from participants for dematerialization were properly listed on stock exchanges where earlier issued shares were already listed
• Certificate Processing: The company verified, mutilated, and cancelled security certificates immediately, substituting the depository name as registered owner within the mandated 15-day period
• Information Sharing: Details of all dematerialized and rematerialized shares during the period were furnished to all stock exchanges where company shares are listed

Registrar Involvement

The certification was based on documentation received from Integrated Registry Management Services Private Limited, which serves as NLC India's Registrar and Share Transfer Agent. The registrar had previously submitted monthly reports on dematerialized and rematerialized shares for January-March 2026 to respective stock exchanges.

Document Authentication

The certification was digitally signed by Sushanta Kumar Panda, Company Secretary and Compliance Officer of NLC India Limited, on April 04, 2026. The filing represents part of the company's ongoing regulatory compliance obligations under SEBI guidelines for listed entities.