Ecoboard Industries Limited has issued a clarification to BSE Limited regarding the significant movement in its equity share prices, stating that no material events have influenced the recent price fluctuations. The company's response came following BSE's inquiry dated December 11, 2025, seeking clarification on the notable price movement.

Company's Official Response

In its communication dated December 16, 2025, Ecoboard Industries categorically stated that no events, information, or announcements bearing on the company's operations or performance have taken place. The company emphasized that no price-sensitive information has been withheld from public disclosure.

Corporate Action Details

The company highlighted one significant development in its clarification:

The NSDL approval for the preferential securities issue represents the only notable corporate development, which has already been properly disclosed to stock exchanges following regulatory requirements.

Management Statement

The clarification was signed by Mr. Praveen Kumar Raju Gottumukkala, who serves as Whole-time Director and CFO of the company. His Director Identification Number (DIN) is 05180152. The company reiterated that apart from the disclosed preferential securities issue, no other material events or information could have influenced the script's price movement.

Regulatory Compliance

Ecoboard Industries' response demonstrates adherence to Regulation 30 requirements, which mandate listed companies to clarify unusual price movements when requested by stock exchanges. The company's prompt response and transparent communication reflect its commitment to maintaining proper disclosure standards and keeping investors informed about material developments.

Ecoboard Industries has successfully concluded its Extra-Ordinary General Meeting (EGM) on November 7, 2025, with shareholders approving key resolutions that pave the way for significant changes in the company's capital structure.

Key Resolutions Passed

The EGM, conducted through video conferencing, saw the passage of three crucial resolutions:

1. Increase in Authorized Share Capital (Ordinary Resolution)
2. Issue of 34,41,417 Equity Shares on Preferential Basis (Special Resolution)
3. Issue of Convertible Warrants to Promoter Category on Preferential Basis (Special Resolution)

Voting Results

The voting process, which included remote e-voting from November 4-6, 2025, and e-voting during the EGM, showed overwhelming support for all resolutions. Here's a breakdown of the voting results:

It's worth noting that for the second and third resolutions, 7,840,518 votes were declared invalid, likely due to the interested parties (promoters) being excluded from voting on these matters.

Meeting Details

The EGM was chaired by Mr. Ramakrishna Raju Guttumukkala, Managing Director and CEO of Ecoboard Industries. Key attendees included:

• Mr. Praveen Kumar Raju Gottumukkala (Whole-time Director and CFO)
• Mr. Siva Sankar Kalive (Independent Director)
• Mr. Veeravenkata Rama Raju Penmetsa (Independent Director)
• Mrs. Bhagyashri Dharmasa Zad (Independent Director)
• Mrs. Venkata Sujani Indukuri (Non-Executive Director)
• Ms. Tanuja Anand Deshpande (Company Secretary and Compliance Officer)

A total of 34 members participated in the meeting, including 4 from the Promoter & Promoter Group and 30 from the public.

Implications

The approval of these resolutions signals a significant development for Ecoboard Industries:

1. The increase in authorized share capital provides the company with more flexibility for future fundraising and corporate actions.
2. The preferential issue of equity shares and convertible warrants to promoters suggests a potential infusion of capital, which could be used for business expansion, debt reduction, or other strategic initiatives.

Investors and stakeholders should monitor future announcements from the company for more details on how these approved measures will be implemented and their potential impact on the company's growth strategy.

Ecoboard Industries is expected to file necessary documents with regulatory authorities to effect these changes in its capital structure in the coming days.