Goenka Business & Finance Ltd. has issued a clarification to BSE Limited regarding recent price movements in its stock, stating that the fluctuations are purely market-driven with no undisclosed material information affecting the company's performance.

BSE Surveillance Inquiry Response

The company responded to BSE's surveillance inquiry dated 11.03.2026 through reference number L/SURV/ONL/PV/SJ/2025-2026/3422. In its official communication dated 12.03.2026, the NBFC addressed concerns about unusual price or volume behavior in its scrip.

Company's Official Position

Goenka Business & Finance Ltd. categorically stated that there is no information or announcement, including any impending announcements, that could have a bearing on the price or volume behavior of the company's stock. The management emphasized that such information, if it existed, would be required to be disclosed to the stock exchange under Regulation 30 of the SEBI (LODR) Regulations 2015.

The company attributed the stock price movement entirely to market conditions, describing it as "absolutely market driven." This clarification aims to address any speculation about undisclosed corporate developments that might influence investor sentiment.

Regulatory Compliance Commitment

The NBFC reaffirmed its commitment to regulatory compliance and transparency. Key aspects of their compliance stance include:

• Prompt disclosure of material information under SEBI regulations
• Continuous adherence to Regulation 30 requirements
• Commitment to maintaining transparency with stakeholders
• Regular communication with stock exchanges as required

The company assured that it has consistently made requisite disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and will continue to do so in the future.

Corporate Information

The clarification was signed by Mr. Dharmik Solanki, Company Secretary & Compliance Officer (Membership Number: F11811). The company operates as a Non-Banking Financial Company (NBFC) with RBI registration number 05.00614, maintaining its registered office in Kolkata and corporate office in Ahmedabad.

Aditya Enterprise has announced the complete divestment of its stake in Goenka Business & Finance Limited , disclosing the sale of 8,10,000 shares representing 6.23% of the company's issued share capital. The transaction was executed through open market operations and reported to stock exchanges in compliance with regulatory requirements.

Transaction Details

The share sale was completed on March 02, 2026, with Aditya Enterprise disposing of its entire holding in the target company. The transaction details are summarized below:

Shareholding Position

The disclosure reveals a complete exit by Aditya Enterprise from its investment in Goenka Business & Finance Limited. The before and after shareholding positions demonstrate the full divestment:

Company Information

Goenka Business & Finance Limited maintains its equity share capital structure unchanged following this transaction. The company's capital details remain as follows:

Regulatory Compliance

Aditya Enterprise filed the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to BSE Limited and Metropolitan Stock Exchange of India Limited, where Goenka Business & Finance Limited shares are listed. The company confirmed that it does not belong to the promoter or promoter group of the target company.

Market Impact

The transaction represents a significant block deal involving 6.23% of the company's total issued share capital. Aditya Enterprise, based in Ahmedabad, Gujarat, has completely exited its position in the financial services company through this open market sale, marking the end of its investment in Goenka Business & Finance Limited.