Abate AS Industries Limited has issued a clarification to BSE Limited regarding the significant movement observed in its share price during recent trading sessions. The response comes following a surveillance inquiry from the stock exchange dated February 04, 2026.

Company's Response to BSE Inquiry

The company received a letter from BSE (Reference No. L/SURV/ONL/PV/AJ/2025-2026/3324) seeking clarification about the notable price movement in its scrip code 531658. In its formal response dated February 05, 2026, Abate AS Industries addressed the exchange's concerns comprehensively.

Regulatory Compliance Confirmation

The company emphasized its adherence to disclosure requirements under SEBI regulations. Abate AS Industries confirmed that it has timely informed BSE of all events and information that could impact its operations and performance. This includes all price-sensitive information as mandated under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key compliance aspects highlighted by the company include:

• Timely disclosure of all material events affecting operations
• Compliance with price-sensitive information requirements
• Adherence to Regulation 30 and other applicable SEBI regulations
• Commitment to ongoing transparency obligations

Market-Driven Price Movement

Abate AS Industries categorically stated that no pending information or announcements from the company could explain the recent price behavior. The management attributed the significant share price movement purely to prevailing market conditions and emphasized that it was entirely market-driven rather than company-specific factors.

Management Statement

Company Secretary and Compliance Officer Heena Kausar Mohd Amin Rangari (ACS: 49820) signed the clarification on behalf of the company. The response reaffirmed the company's commitment to inform stock exchanges of any price-sensitive information as required under regulatory frameworks.

The company assured BSE that it remains prepared to provide any additional clarification or information if required by the exchange. This proactive approach demonstrates the company's commitment to maintaining transparency and regulatory compliance in its market communications.

Abate AS Industries , formerly known as Trijal Industries Limited, has received overwhelming shareholder approval for a significant corporate action. The company's shareholders have voted in favor of increasing the authorized share capital and altering the Memorandum of Association through a postal ballot process.

Voting Results

The special resolution, which required a three-fourths majority, was passed with an impressive 99.99% approval rate. Here's a breakdown of the voting results:

Voting Process

The e-voting process was conducted from October 21 to November 19. S. Vasudevan of Lakshmmi Subramanian & Associates, a practicing Company Secretary, was appointed as the scrutinizer to ensure a fair and transparent voting process.

Shareholder Participation

Out of 2,460 shareholders on the record date of October 17, 36 members participated in the e-voting process, representing a significant portion of the company's shares.

Implications

This approval allows Abate AS Industries to expand its capital structure, which may provide the company with greater flexibility for future growth initiatives or financial restructuring. The alteration of the Memorandum of Association typically accompanies such changes to reflect the new capital structure.

Company Background

Abate AS Industries is headquartered in Coimbatore, Tamil Nadu. The company's actions reflect its commitment to corporate governance and shareholder engagement in key decision-making processes.

Investors and stakeholders should note that this development may have implications for the company's future financial strategies and potential for expansion.