Sofcom systems Limited has issued a formal clarification to BSE Limited addressing inquiries about significant movement in its equity share price. The response, dated February 28, 2026, was submitted following BSE's clarification request from the previous day regarding unusual price activity in the company's stock.

Regulatory Compliance Confirmation

The company provided a comprehensive response outlining its adherence to regulatory requirements:

Managing Director Tanvi Jay Rupawala emphasized that the company has been regularly submitting all required disclosures and material events under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it has communicated all events and information that have a bearing on operations and performance to the exchange.

Management Position on Price Movement

The company clarified its position regarding the ability to comment on share price fluctuations. Sofcom Systems stated that since its equity shares are freely traded on the stock exchange, the company and its management are not in a position to comment on price movements. This position reflects the standard market practice where companies acknowledge that trading activity drives price movements beyond management control.

Stakeholder Communication

Sofcom Systems provided assurance to its members and shareholders regarding information transparency. The company confirmed that:

• All latest updated information about the company is available on the Stock Exchange Portal
• Stakeholders have access to immediate information and knowledge through regular disclosures
• The company will furnish additional information to the exchange as and when requested

The formal response was digitally signed by Managing Director Tanvi Jay Rupawala on February 28, 2026, demonstrating the company's commitment to transparent communication with regulatory authorities and market participants.

Sofcom systems Limited has strengthened its board composition with the appointment of two Additional Directors (Non-Executive Independent), following a board meeting held on February 19, 2026. The appointments reflect the company's commitment to enhancing corporate governance and bringing diverse expertise to its leadership structure.

Board Meeting Outcomes

The board meeting, which commenced at 6:00 P.M. and concluded at 6:30 P.M. on February 19, 2026, approved two key appointments based on recommendations from the Nomination and Remuneration Committee. Both appointments are subject to shareholder approval and carry five-year terms.

New Director Appointments

Mr. Pratik Ketanbhai Jani

Mr. Pratik Ketanbhai Jani (DIN: 11497974) brings a unique combination of technical expertise and financial market experience to the board. He holds a Bachelor of Computer Application (BCA) degree from Kalinga University, providing him with strong analytical thinking and technological proficiency.

With four years of active engagement in stock market trading, Mr. Jani has developed comprehensive understanding of market dynamics, equity trends, and practical risk management strategies. His daily involvement in trading operations has equipped him with valuable insights into capital market behaviors, financial analysis, and the broader economic landscape.

Mr. Brijesh Jamanbhai Sanghani

Mr. Brijesh Jamanbhai Sanghani (DIN: 11497984) is a financial market professional with over five years of hands-on experience as a Sub-Broker in the Indian capital markets. He holds a Diploma Certificate in Chemical Engineering from Gujarat Technological University.

Throughout his tenure as a sub-broker, Mr. Brijesh has developed robust understanding of equity and derivative markets, financial products, and wealth management. His core expertise lies in client relationship management, facilitating seamless trade executions, and providing actionable market insights to retail and high-net-worth individuals.

Director Profiles Comparison

Regulatory Compliance

Both directors meet all regulatory requirements and are not debarred from holding director positions by SEBI or any other authority, in accordance with the circular dated June 20, 2018 issued by Stock Exchanges. The appointments comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Neither director has any relationships with existing directors of the company, ensuring independence in their roles. The appointments are expected to enhance the board's expertise in financial markets, technology integration, and strategic decision-making capabilities.