Shri Dinesh Mills Limited has issued a clarification to BSE regarding significant price movement in its securities, attributing the volatility to market-driven factors rather than any undisclosed corporate developments.

Company's Response to BSE Inquiry

In response to BSE's email dated April 13, 2026, seeking clarification on stock price movement, the company provided a comprehensive explanation on April 14, 2026. The textile manufacturer emphasized its commitment to timely disclosure of all price-sensitive information to ensure investors and stakeholders have access to the latest developments.

Market-Driven Price Movement

The company categorically stated that the significant movement in its stock price is purely market-driven and attributed to prevalent market conditions. Management confirmed that no announcements or disclosures are pending under SEBI (LODR) Regulations, 2015 that could potentially impact the stock's price movement.

Compliance and Trading Restrictions

Shri Dinesh Mills reaffirmed its adherence to regulatory disclosure requirements, stating it has consistently informed exchanges of all price-sensitive information and events pursuant to Regulation 30. The company also provided assurance regarding insider trading compliance:

• No Key Managerial Personnel (KMPs) are trading in company securities
• Promoters and Promoter Group members are not engaged in stock trading
• Directors are not participating in securities trading

Corporate Governance Measures

The response demonstrates the company's commitment to maintaining transparency and regulatory compliance. By proactively addressing BSE's inquiry and providing detailed clarifications, Shri Dinesh Mills has reinforced its dedication to corporate governance standards and investor protection measures mandated under SEBI regulations.

Shri Dinesh Mills Limited has issued a comprehensive postal ballot notice for three key resolutions following their board meeting held on March 27, 2026. The textile company announced these significant corporate governance matters through regulatory filing under SEBI LODR Regulations, with voting exclusively through remote e-voting process under Regulation 44.

Newspaper Publication Under Regulation 47

On March 31, 2026, Company Secretary J. B. Sojitra informed BSE Limited about the publication of postal ballot notice and e-voting facility advertisement in English and regional language newspapers. This publication was conducted in compliance with Regulation 47(1)(d) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Board Meeting Outcome

The Board of Directors convened on March 27, 2026, from 5.00 p.m. to 5.45 p.m., and approved the postal ballot notice for three critical resolutions. The meeting outcome was communicated to BSE Limited through an official filing by Company Secretary J. B. Sojitra.

Three Key Resolutions

The postal ballot notice encompasses three significant corporate matters requiring shareholder approval through remote e-voting exclusively under Regulation 44 and other applicable regulations.

Resolution 1: Ms. Reshma Patel Re-appointment

Resolution 2: CMD Remuneration Approval

The second resolution addresses remuneration for Shri Bharatbhai Patel, Chairman & Managing Director, for his unexpired tenure from April 1, 2026 to March 31, 2028.

Resolution 3: Mrs. Tejal Rahul Amin Appointment

Professional Background

Mrs. Tejal Rahul Amin brings extensive experience spanning over 40 years in the corporate sector and educational institutions. She is a Commerce Graduate with distinguished leadership across multiple organizations.

Current Leadership Positions

• Whole Time Director at JSL Industries Ltd.
• Director at Jyoti Ltd.
• Chairperson of Navrachana Education Society
• Founding Director and Chairperson of Vadodara Marathon Organizing Committee

Educational Leadership Excellence

As Chairperson of the 60-year-old Navrachana Education Society, Mrs. Amin has led significant institutional expansion. Under her leadership, the society has grown from a single institution to encompass 8 additional institutions, including four leading schools affiliated to National and International Education Boards and Navrachana University (NAAC A grade) established under the Gujarat Private Universities Act.

E-voting Process Details

The postal ballot voting will be conducted exclusively through remote e-voting via NSDL platform pursuant to Section 108, 110 of the Companies Act, 2013 and Regulation 44 of SEBI LODR Regulations. CS Heena Patel, Practicing Company Secretary (Membership No. A-40323), has been appointed as Scrutinizer to ensure fair and transparent voting process.

Regulatory Compliance

All appointments have been made in compliance with Regulation 30, Regulation 44, and Regulation 47 of SEBI (LODR) Regulations, 2015, along with provisions of the Companies Act, 2013. The company has confirmed that both directors are not related to any existing Director and meet independence criteria under Companies Act, 2013 and SEBI regulations. The postal ballot notice is available on the company website at www.dineshmills.com and NSDL website at www.evoting.nsdl.com .