Shining Tools Limited has responded to a BSE inquiry regarding significant movement in its share price, providing clarification on the factors behind recent trading activity. The company's response, dated April 10, 2026, addresses concerns raised by the exchange about unusual price movements.

Regulatory Compliance Confirmation

The company has reaffirmed its adherence to regulatory requirements in its communication to BSE Limited. Shining Tools emphasized its consistent compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management stated that all events and information affecting company operations or performance, including price-sensitive information, have been promptly communicated to the exchange.

Current Information Status

Management's Position on Price Movement

The company's management has clarified that the recent share price movement is purely market-driven. According to the clarification, the price changes may result from a combination of market conditions and investor sentiment. The management explicitly stated that it has no connection with the movement in share prices.

Key points from the management's clarification include:

• The price movement is attributed to market forces rather than company-specific developments
• No undisclosed information exists that could influence the stock price
• The company remains committed to transparent communication with the exchange

Ongoing Commitment to Transparency

Shining Tools has assured BSE of its continued commitment to maintaining transparency and regulatory compliance. The company pledged to keep the exchange informed of any material information as required under SEBI regulations whenever such events occur. This commitment reinforces the company's dedication to proper disclosure practices and investor protection.

The clarification was signed by Vipulbhai Laljibhai Ghonia, Managing Director, and submitted to BSE's Listing Department as part of the company's regulatory obligations.

Shining Tools Limited has submitted its quarterly compliance certificate to BSE Limited under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The filing, dated April 2, 2026, was signed by Managing Director Vipulbhai Laljibhai Ghonia and demonstrates the company's commitment to regulatory compliance.

Quarterly Compliance Certificate Details

The certificate covers the period from January 1, 2026 to March 31, 2026 and was issued by M/s. Accurate Securities and Registry Private Limited, the company's appointed Registrar and Share Transfer Agent (RTA). This regulatory filing is mandatory under SEBI guidelines to ensure proper handling of dematerialisation processes.

Dematerialisation Process Compliance

Accurate Securities and Registry Private Limited confirmed that all securities received from depository participants for dematerialisation during the reporting quarter were processed within the stipulated time limits specified under SEBI regulations. The RTA verified that securities were either accepted or rejected on technical grounds as appropriate, following proper operational procedures.

The compliance certificate also confirms that all dematerialised securities have been properly listed on stock exchanges where the company's earlier issued securities are traded. Additionally, physical certificates received for dematerialisation were mutilated and cancelled after due verification, with depository names substituted in the security holder's list as registered owners within regulatory timeframes.

Company and RTA Information

Shining Tools Limited, an ISO 9001:2015 certified company with CIN L29220GJ2013PLC074803, operates from Survey No. 63/2, Plot No. 2, on Rajkot-Gondal Highway at Pipaliya, Gondal, Rajkot, Gujarat. The company's RTA, Accurate Securities and Registry Private Limited, holds SEBI registration number INR000004173 and operates from Ahmedabad with working hours from 11.30 AM to 5.00 PM on weekdays.

Regulatory Framework

This compliance filing aligns with SEBI's regulatory framework established through multiple circulars including SEBI Letter MRD/DOP2/OW/2019/2498/1 dated January 24, 2019, and corresponding NSDL and CDSL circulars from January 25, 2019. These regulations ensure investor protection and maintain transparency in the dematerialisation process for publicly listed companies.