Tradewell holdings Limited has issued a clarification to BSE Limited regarding recent significant movement in its stock price, stating that no undisclosed material events are behind the price behavior. The response comes following a surveillance inquiry from the exchange's surveillance department.

Company's Response to BSE Inquiry

In its communication dated 26th March 2026, Tradewell Holdings Limited addressed BSE's email from 25th March 2026, which sought clarification on the significant movement in the company's security price. The company categorically stated that there is no undisclosed material event or information, including any unpublished price sensitive information (UPSI), which may have influenced the price or volume behavior of its scrip.

Regulatory Compliance Assurance

The company emphasized its commitment to regulatory compliance, stating that it has been regularly disseminating all material information and price sensitive information to stock exchanges in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015. This regulation mandates listed companies to disclose events and information that could impact stock prices.

Tradewell Holdings Limited provided assurance that should any material event or information arise in the future requiring disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015, the company will promptly inform the stock exchanges in accordance with applicable regulations. The response was digitally signed by Uma Kumari, Company Secretary and Compliance Officer, demonstrating the formal nature of the communication and the company's adherence to proper disclosure protocols.

Tradewell Holdings Limited has announced significant corporate developments following its 31st Annual General Meeting (AGM) held on September 30, 2025. The company has reappointed Mr. Kamal Manchanda as Whole-Time Director and adopted new sets of Memorandum of Association (MOA) and Articles of Association (AOA).

Reappointment of Kamal Manchanda

Shareholders at the AGM approved the reappointment of Mr. Kamal Manchanda (DIN: 00027889) as Whole-Time Director for a term of five consecutive years, effective from April 1, 2026, to March 31, 2031. Mr. Manchanda, aged 63, holds a B.Tech degree and brings extensive experience in real estate and share trading to his role.

Key Details of the Reappointment

• Term: Five consecutive years
• Effective Period: April 1, 2026, to March 31, 2031
• Experience: Associated with the company since January 10, 1995
• Relationship Disclosure: Mr. Manchanda is the spouse of Mrs. Aruna Manchanda, who is also a director of the company

Adoption of New MOA and AOA

The AGM also saw the approval of new sets of Memorandum of Association (MOA) and Articles of Association (AOA) for Tradewell Holdings Limited. These changes aim to align the company's governing documents with the provisions of the Companies Act, 2013.

Key Changes in MOA:

1. Updated clause titles to reflect current legal terminology
2. Retention of main objects with editorial changes
3. Deletion of the "Other Objects" clause
4. Modification of the liability clause to align with current legal standards

Key Changes in AOA:

1. Alignment with the Companies Act, 2013
2. Incorporation of enabling clauses, including provisions for further issue of capital and warrants

Voting Results

The company reported that all resolutions presented at the AGM were passed with the requisite majority. The e-voting process was conducted through the National Securities Depository Limited (NSDL) platform, ensuring a fair and transparent voting mechanism.

Corporate Governance

Tradewell Holdings Limited has demonstrated its commitment to corporate governance by appointing Mr. Parveen Kumar Rastogi, a Practicing Company Secretary, as the scrutinizer to oversee the voting process. The company has also complied with regulatory requirements by promptly disclosing the voting results and scrutinizer's report to the Bombay Stock Exchange (BSE).

These corporate actions reflect Tradewell Holdings' efforts to strengthen its leadership and align its governance structure with current regulatory standards, potentially positioning the company for future growth and improved shareholder value.