Shreenath paper products Limited has issued a formal clarification to BSE Limited regarding recent significant movement in its equity share price, stating that the company is not aware of any specific information or events that may have influenced the price fluctuation.

Regulatory Compliance Statement

In its communication dated April 10, 2026, addressed to BSE Limited, the company clarified its position under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management emphasized that there have been no material developments, events, or information that require disclosure under the regulatory framework.

Market-Driven Price Movement

The company's management attributed the recent share price movement to purely market-driven factors rather than any company-specific developments. This clarification comes in response to BSE's inquiry seeking explanation for the significant movement in the equity shares.

Continued Disclosure Commitment

Shreenath Paper Products Limited reaffirmed its commitment to regulatory compliance, stating that the company continues to comply with all applicable disclosure requirements. The management assured that it will promptly inform the stock exchange of any material information or events as and when they arise in the future.

The clarification was signed by Alok Parekh, Chairman and Managing Director, bearing DIN 03467607, demonstrating the company's transparent approach to addressing market inquiries and maintaining investor confidence through proper communication channels.

Shreenath Paper Products Limited has filed its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate was submitted to BSE Limited on April 7, 2026, by Chairman and Managing Director Alok Parekh.

Regulatory Compliance Certificate

The certificate pertains to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which governs the handling of share certificates and dematerialisation processes. Bigshare Services Pvt. Ltd., serving as the company's Registrar and Transfer Agent, issued the certificate on April 6, 2026.

Share Holding Status

The certificate confirms that Regulation 74(5) is not applicable to Shreenath Paper Products Limited during the quarter ended March 31, 2026. This determination is based on two key factors that demonstrate the company's complete transition to electronic shareholding.

The entire shareholding of the company remains in demat form, indicating full dematerialisation of shares. Additionally, the Registrar and Transfer Agent reported receiving no requests from shareholders for either rematerialisation or dematerialisation during the quarter.

Compliance Framework

The filing references multiple regulatory circulars that govern this compliance requirement. These include NSDL circular NSDL/CIR/II/5/2019 dated January 25, 2019, and DSL circular DSL/OPS/RTA/POLICY/2019/14 of the same date. SEBI's letter reference MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019, also forms part of the regulatory framework.

The quarterly certificate filing demonstrates Shreenath Paper Products Limited's adherence to SEBI's depositories regulations and maintains transparency in share holding patterns for stakeholders and regulatory authorities.