Concord Enviro Systems Limited has issued a formal clarification to stock exchanges regarding recent significant movement in its share price, attributing the fluctuations to market conditions rather than any undisclosed corporate developments.

Regulatory Response to Exchange Inquiries

The company responded to surveillance inquiries from both the National Stock Exchange of India Limited (NSE) and BSE Limited on December 16, 2025. The exchanges had sought clarification regarding the recent significant movement in the company's securities across trading platforms.

Company's Official Position

Concord Enviro Systems categorically stated that there are no events, information, or announcements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that could impact the price behavior of the company's scrip as traded across exchanges.

The key points of the company's clarification include:

• Recent price movement is entirely due to market conditions
• No undisclosed price-sensitive information exists
• All regulatory disclosure obligations have been met
• Price fluctuations are purely market-driven

Regulatory Compliance Confirmation

The company reaffirmed its commitment to regulatory compliance, confirming that it has made and will continue to make all necessary disclosures under Regulation 30 of the Listing Regulations. This includes all price-sensitive information disclosed within stipulated timelines to stock exchanges where the company's securities are listed.

Executive Authorization

The clarification was signed by Prerak Goel, Executive Director of the company, bearing DIN: 00348563. The response was issued from the company's Mumbai office, demonstrating prompt compliance with exchange surveillance requirements.

The company has indicated its willingness to provide any further clarification or information that may be required by the exchanges, maintaining transparency in its communication with regulatory authorities.

Concord Enviro Systems , a key player in the environmental solutions sector, has reported its financial results for the second quarter of fiscal year 2026, revealing a significant decline in revenue alongside revised growth projections for the full year.

Q2 FY26 Financial Highlights

The company experienced a 23% year-on-year decrease in revenue for Q2 FY26. This decline has been attributed to two primary factors:

1. Delays in approvals for projects in Africa
2. Absence of large project billing from Mexico, which was present in the previous year

Revised Guidance for FY26

In light of these challenges, Concord Enviro Systems has adjusted its financial outlook for the fiscal year 2026:

The company has lowered its revenue growth expectations for FY26 from the initial 18-20% to a more conservative 12-15%. Additionally, the EBITDA guidance has been revised downward by 1%, although the specific figures were not provided in the report.

Order Book and Future Projects

Despite the setbacks, Concord Enviro Systems maintains a robust order book:

• Current order book value: ₹5,354 crore
• Upcoming projects: Compressed Biogas (CBG) projects expected to commence in Q3

The stability in the order book value suggests that while current quarter performance has been impacted, the company still has a pipeline of projects that could potentially support future revenue streams.

Looking Ahead

The revised guidance and maintained order book indicate that Concord Enviro Systems is navigating through temporary challenges while still positioning itself for potential growth. The commencement of CBG projects in the third quarter could provide a boost to the company's performance in the latter part of the fiscal year.

Investors and stakeholders will likely be watching closely to see how the company manages these challenges and capitalizes on its project pipeline in the coming quarters.