Shining Tools Limited has announced the receipt of a material order from domestic entity Chandan Process, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 12.05.2026. The order pertains to the supply of Brazed Carbide Anvils and carries a total commercial value of ₹2,00,60,000 (Rupees Two Crore Sixty Thousand only), inclusive of 18% GST.

Order Details

The contract requires Shining Tools Limited to supply 50 Qts of Brazed Carbide Anvils to Chandan Process, a domestic entity. The order is to be fulfilled within six months, with 100% payment to be made at the time of delivery. The company has confirmed that neither the promoter/promoter group nor group companies have any interest in the entity awarding the order, and the transaction does not fall within related party transactions.

The key details of the order are summarised below:

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The announcement was signed by Vipulbhai Laljibhai Ghonia, Managing Director of Shining Tools Limited, on 12.05.2026. Shining Tools Limited is an ISO 9001:2015 certified company headquartered in Rajkot, Gujarat.

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.