Shakti Press Limited has responded to a regulatory query from BSE Limited regarding significant price movement in its shares, clarifying that no material developments are pending disclosure and attributing the fluctuations to market dynamics.

BSE Query and Company Response

The exchange sought clarification from Shakti Press Limited on March 16, 2026, concerning significant movement in the company's share price. The query was raised to ensure investors have access to the latest relevant information and to safeguard market interests.

Company's Clarification

In its response dated March 24, 2026, Shakti Press Limited provided a comprehensive clarification addressing the exchange's concerns. The company stated that there are no pending information or announcements to be made as of the date of response.

The key points of the clarification include:

• No material developments requiring immediate disclosure
• Price fluctuations appear to be market-driven based on company's understanding
• Confirmation of promoter trading restrictions
• Commitment to regulatory compliance

Promoter Trading Status

The company specifically addressed concerns about insider trading by confirming that promoters and promoter group members have not been involved in any trading activities in the company's shares since listing. These shares remain under lock-in provisions as per SEBI (ICDR) Regulation 2018.

Regulatory Compliance Commitment

Shakti Press Limited reiterated its commitment to transparency and regulatory compliance. The company assured that any future developments requiring disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be communicated in accordance with regulatory requirements.

The clarification was signed by Shivani Goydani, Compliance Officer and Company Secretary (Mem No. A69082), reinforcing the company's adherence to proper corporate governance protocols.

Shakti Press Ltd has secured in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares, marking a significant step in the company's capital raising initiative. The approval was communicated to the stock exchange on February 17, 2026, in compliance with regulatory disclosure requirements.

BSE Approval Details

The approval process and key parameters are outlined below:

Regulatory Compliance Framework

The approval comes under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE Limited has granted permission for the company to use the exchange's name in its Letter of Offer, subject to specific disclaimer requirements and compliance conditions.

The exchange has made it clear that the approval should not be construed as an endorsement of the company's financial soundness or a guarantee of continued listing. BSE explicitly states that it does not warrant or certify the correctness of the offer document contents.

Key Compliance Requirements

Several mandatory conditions must be fulfilled by Shakti Press Ltd:

• Record Date Notification: The company must provide at least three working days advance notice to BSE before fixing the record date for the rights issue
• Price Disclosure: Rights issue price must be disclosed to the exchange at least three working days prior to the record date
• Dematerialization Agreements: The company must enter into agreements with all depositories and provide investors the option to receive allotment in dematerialized form
• Basis of Allotment: Must be approved by the Designated Stock Exchange, even in cases of under-subscription
• Compliance Officer: A qualified Company Secretary should serve as the Compliance officer as per SEBI regulations

Post-Issue Obligations

The in-principle approval for listing the equity shares is subject to completing post-issue requirements and complying with statutory, legal, and listing formalities. The company must confirm completion of posting the letter of offer and composite application form to enable dealings in Letters of Renunciation.

Additionally, Shakti Press Ltd will be responsible for all disclosures made in the offer documents and any consequences arising from non-disclosure or misstatement of information. The company must also pay all applicable charges levied by BSE for usage of exchange systems and facilities.

Management Communication

The formal intimation to BSE was signed by Raghav Kailashnath Sharma, Managing Director (DIN: 00588740), confirming the company's receipt of the approval and requesting the exchange to take note of the development for their records.