Narmadesh Brass Industries Limited has responded to the Bombay Stock Exchange (BSE) regarding a clarification sought on significant price movement in the company's shares. The response, dated February 10, 2026, addresses BSE's inquiry made on February 05, 2026, under Regulation 30(10) of SEBI (LODR) Regulations, 2015.

Company's Official Response

The company has categorically stated that there is no pending information or announcement that is price-sensitive in nature which could have contributed to the significant movement in share price behavior. According to the official communication, the price movement is purely market-driven and not attributable to any undisclosed corporate developments.

Regulatory Compliance Assurance

Narmadesh Brass Industries has reaffirmed its commitment to regulatory compliance and transparency. The company assured that it will continue to inform stock exchanges of all information and announcements required to be disclosed under applicable regulations as and when required.

The response was signed by Hitesh Dudhagara, Chairman & Managing Director (DIN: 00414604), on behalf of Narmadesh Brass Industries Limited. The communication demonstrates the company's adherence to regulatory requirements and its commitment to maintaining transparency with market participants and regulatory authorities.

Narmadesh Brass Industries experienced a challenging market debut on the BSE SME platform on Wednesday, January 21, with shares opening significantly below the issue price and subsequently hitting the lower circuit limit. The weak listing performance reflected cautious investor sentiment towards the brass manufacturing company.

Listing Performance Details

The stock's market debut fell short of expectations, with shares opening at a notable discount to the issue price. The subsequent decline to circuit limits highlighted immediate selling pressure in the counter.

Grey Market Indicators

The listing performance aligned closely with pre-listing market expectations. The Narmadesh Brass Industries Grey Market Premium (GMP) stood at nil on Wednesday morning, indicating market participants expected the stock to list around the issue price level. This proved accurate as the actual listing came in below the issue price.

Company Operations

Narmadesh Brass Industries operates from a substantial manufacturing facility spanning approximately 6,300 square metres located at the Shree Ganesh Industrial Hub in Jamnagar. The city is widely recognised as India's "Brass City" due to its concentration of brass manufacturing activities.

The company maintains a diversified product portfolio that includes:

• Brass billets and rods
• Valves for various applications
• Plumbing and sanitary fittings
• Agricultural sprayer components
• Customised machined parts

Market Reach

The company serves both domestic and export markets, indicating its ability to cater to diverse customer requirements across different geographical regions. This dual market approach provides the company with multiple revenue streams and reduces dependence on any single market segment.