Surbhi Industries Limited has formally responded to the Bombay Stock Exchange (BSE) regarding a clarification sought on recent price movements in the company's shares. The response, dated March 19, 2026, addresses BSE's inquiry under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Company's Official Response

In its communication to BSE, Surbhi Industries clarified that there is no pending information or announcement from the company that is price-sensitive and could have led to significant movement in share price behavior. The company emphasized that the observed price movements appear to be market-driven phenomena.

Market-Driven Factors Cited

The company attributed the share price volatility to several external factors:

• Investor sentiment fluctuations
• Market-driven dynamics
• External factors beyond company control
• General market conditions

Surbhi Industries emphasized that these factors are inherently outside the company's influence and represent normal market behavior rather than any undisclosed corporate developments.

Regulatory Compliance Commitment

The company reaffirmed its commitment to regulatory transparency in its response. Surbhi Industries assured that it will continue to ensure the stock exchange receives timely information about all announcements required under applicable regulations. The company stated it will maintain compliance with disclosure requirements as and when such information becomes available.

Corporate Details

The response was signed by Ravjibhai Parbatbhai Patel, Managing Director (DIN: 00023332), from the company's registered office at Surbhi House, Khatodara, Ring Road, Surat. The company maintains ISO 9001, 14001, and 45001 certifications, reflecting its commitment to quality, environmental, and occupational health standards.

This clarification demonstrates the company's proactive approach to addressing regulatory inquiries and maintaining transparency with market participants regarding factors influencing its share price performance.

Surbhi Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing a challenging performance compared to the previous year. The Board of Directors approved these results in their meeting held on January 28, 2026, which commenced at 03:00 P.M. and concluded at 03:20 P.M. (IST).

Financial Performance Overview

The company's financial performance for Q3FY26 reflected a decline across key metrics when compared to the corresponding period in the previous year. The results indicate operational challenges that impacted both revenue generation and profitability during the quarter.

Revenue and Income Analysis

Revenue from operations witnessed a significant decline of 36.4% to ₹672.72 lacs in Q3FY26 from ₹1058.45 lacs in Q3FY25. However, other income showed substantial growth, increasing by 134.1% to ₹59.60 lacs from ₹25.46 lacs in the previous year. Total income for the quarter decreased to ₹732.32 lacs compared to ₹1083.91 lacs in the corresponding quarter of the previous year.

Cost Structure and Expenses

Total expenses for Q3FY26 amounted to ₹721.56 lacs compared to ₹1045.83 lacs in Q3FY25. Key expense components showed varied trends during the quarter.

Employee benefits expense increased to ₹118.70 lacs from ₹99.20 lacs, while finance costs rose significantly to ₹66.42 lacs from ₹37.62 lacs in the previous year.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company reported revenue from operations of ₹2377.97 lacs compared to ₹2794.28 lacs in the previous year. Net profit for the nine-month period stood at ₹110.99 lacs versus ₹276.33 lacs in the corresponding period of the previous year.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. A limited review was conducted by the statutory auditors, Ghael Choksi & Company, Chartered Accountants, who issued an unqualified review report on the financial statements.