Zenith exports Limited has responded to BSE's surveillance inquiry regarding recent significant price movement in its securities, clarifying that no material events or undisclosed information are driving the stock's performance. The company issued the clarification on April 17, 2026, following BSE's inquiry dated April 16, 2024.

Regulatory Compliance Confirmation

The company confirmed full compliance with disclosure requirements under SEBI regulations. Key aspects of the clarification include:

Company's Position on Price Movement

Zenith Exports Limited emphasized that the recent price movement is entirely market-driven, with no underlying corporate developments or operational changes contributing to the volatility. The company stated there are no events or information that have a bearing on the operation or performance of the company which require disclosure to stock exchanges.

Ongoing Compliance Commitment

The company reaffirmed its commitment to regulatory transparency and timely disclosure practices. Management assured continued compliance with SEBI LODR Regulations 2015, specifically:

• Timely intimation of all material information to stock exchanges
• Disclosure of price sensitive information as required under Regulation 30
• Maintenance of transparent communication with regulatory authorities

Corporate Communication

The clarification was signed by Company Secretary and Compliance Officer Anita Kumari Gupta, who holds FCS certification number 11369. The response demonstrates the company's proactive approach to addressing regulatory inquiries and maintaining investor confidence through transparent communication regarding stock price movements.

Zenith Exports Limited's Board of Directors held a meeting on April 8, 2026, approving significant governance changes through postal ballot procedures. The company has now completed the dispatch of postal ballot notices to shareholders for the appointment of two Independent Directors, with the formal notification process concluded on April 13, 2026.

Board Resolutions and Appointments

The board approved postal ballot notices for two key appointments in compliance with Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations 2015. The company will seek shareholder approval for appointing Mrs. Priyanka Poddar and Mrs. Rasna Goyal as Independent Directors.

Postal Ballot Process and E-Voting Schedule

The company has completed the dispatch of postal ballot notices to all eligible shareholders through electronic means on April 13, 2026. The notices are available on the company's website at www.zenithexportsltd.com , NSDL's website at www.evoting.nsdl.com , and the websites of BSE Limited and NSE Limited where the company's shares are listed.

Director Appointment Details

Mrs. Priyanka Poddar Appointment

Mrs. Priyanka Poddar (DIN-10481007) has been proposed as an Additional Director in the capacity of Independent Director. The 41-year-old professional brings three years of experience as a qualified company secretary and board director. Her expertise includes maximizing investments, reducing spending, and increasing organizational efficiency with strong knowledge of governing bylaws and company procedures.

Mrs. Rasna Goyal Appointment

Mrs. Rasna Goyal (DIN-03383291) has been nominated for appointment as an Additional Director in the Independent Director category. The 41-year-old professional has extensive experience with multiple corporate groups including Shree Gopal Group, NSI India Ltd. Group, Future Consumer Group, Anaadih Group, Realty Sathi Group, and Bhandari Group. She currently handles secretarial, company law, and related matters for over 50 companies.

Shareholder Communication and Registration

Shareholders holding shares in physical form who have not registered their email IDs with the Company/RTA can register by providing their name, folio number, complete address, and photocopies of PAN and Aadhaar card/Driving License/Voter Card/Passport to amit.banerjee@in.mps.mufg.com or sec@zenithexportsltd.net . Shareholders holding shares in dematerialized mode are requested to register their email addresses with their respective Depository Participants.

Regulatory Compliance

Both director appointments comply with SEBI LODR Regulations and SEBI circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. Neither proposed director is related to the company's promoters, promoter group members, or existing directors. Both candidates are confirmed as not being debarred from holding director positions by SEBI or other regulatory authorities. The postal ballot process follows all regulatory requirements under the Companies Act, 2013 and related rules.