Saffron Industries Limited has issued a formal clarification to BSE Limited regarding the recent significant movement in its share price, stating that the fluctuations appear to be purely market-driven with no undisclosed material information affecting the stock's performance.

Regulatory Compliance and Disclosure

In its communication dated April 15, 2026, the company emphasized its compliance with SEBI (LODR) Regulations, 2015, confirming that it has been promptly disclosing all material information and events that may impact its operations and performance. The real estate development company clarified that there is no material information, event, or announcement, including any impending announcement, under Regulation 30 of the SEBI (LODR) Regulations, 2015, which has not been disclosed to the exchange.

Market-Driven Price Movement

The company attributed the recent share price movement to market forces beyond its control. According to the clarification, the price behavior appears to be influenced by general market conditions and investor sentiment, particularly affecting the real estate sector. Saffron Industries stated that it has no specific information to comment upon regarding these market-driven fluctuations.

Business Operations Clarification

The company reiterated its core business engagement in real estate development and confirmed that there are no undisclosed material developments relating to its projects, operations, or financial performance that could have triggered the observed price movement.

Official Communication

The clarification was signed by Manoj Sinha, Whole Time Director of Saffron Industries Limited, and submitted to the Corporate Relation Department of BSE Limited. The company requested that the exchange take the clarification on record, maintaining transparency in its communication with regulatory authorities and stakeholders.

Saffron Industries Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated 7th April, 2026, demonstrates the company's adherence to securities market regulations for the fourth quarter of fiscal year 2026.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, covering the quarter ended 31st March, 2026. Company Secretary and Compliance Officer Arti Murlidhar Hemnani submitted the documentation to BSE Limited's Corporate Relation Department on behalf of Saffron Industries Limited.

Registrar Confirmation

Adroit Corporate Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on 1st April, 2026. The registrar confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories.

The certificate validates that:

• Securities received for dematerialisation were confirmed (accepted/rejected) to depositories
• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation have been mutilated and cancelled after due verification
• Names of depositories have been substituted in the register of members as registered owners within 15 days

Corporate Information

Saffron Industries Limited is headquartered at Nava Bharat Bhawan, Chhatrapati Square, Wardha Road, Nagpur 440015. The company maintains its compliance obligations through Adroit Corporate Services Private Limited, located at 19-20 Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Andheri (E), Mumbai, Maharashtra, 400 059.

This quarterly submission represents standard regulatory compliance for listed companies, ensuring transparency in securities handling and dematerialisation processes as mandated by SEBI regulations.