Surbhi Industries Limited has successfully conducted its independent directors meeting on March 20, 2026, fulfilling regulatory requirements under SEBI LODR Regulations 2015 and the Companies Act 2013. The meeting was held at the company's registered office in Surat, Gujarat, as part of the mandatory annual review process for the Financial Year 2025-26.

Meeting Agenda and Key Deliberations

The independent directors convened to address three critical areas of corporate governance during their separate meeting. The comprehensive review process covered multiple aspects of board effectiveness and organizational oversight.

Regulatory Compliance Framework

The meeting was conducted pursuant to Regulation 25(3) of the Securities and Exchange Board of India (LODR) Regulations, 2015, read with Schedule IV of the Companies Act, 2013. This regulatory framework mandates separate meetings of independent directors to ensure robust corporate governance practices and maintain board independence.

The independent directors focused on assessing whether the board receives necessary information to effectively and reasonably perform their duties. This evaluation is crucial for maintaining transparency and ensuring that board members have access to relevant data for informed decision-making.

Corporate Governance Assessment

During the session, independent directors conducted a thorough performance review covering both individual and collective board effectiveness. The evaluation process included examining the chairman's leadership while incorporating perspectives from both executive and non-executive directors.

The assessment of information flow between company management and the board represents a critical component of corporate governance. This review ensures that directors receive timely, relevant, and comprehensive information necessary for effective oversight and strategic decision-making.

Meeting Conclusion and Documentation

Managing Director Ravjibhai Patel, holding DIN 00023332, digitally signed the meeting documentation, confirming the completion of all regulatory requirements. The company has duly informed BSE Limited about the meeting outcomes, maintaining transparency with stakeholders and regulatory authorities.

The successful completion of this independent directors meeting demonstrates Surbhi Industries Limited's commitment to maintaining high standards of corporate governance and regulatory compliance for the Financial Year 2025-26.

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.