Sula Vineyards Limited has issued a clarification to stock exchanges regarding the recent surge in trading volume of its securities, responding to queries received from NSE on December 24, 2025, and BSE on December 26, 2025.

Exchange Communication Details

The company addressed specific reference letters from both exchanges seeking clarification on the volume increase:

Company's Response and Compliance Status

Sula Vineyards confirmed its adherence to regulatory disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that it has been making all requisite disclosures in a timely and accurate manner, maintaining full compliance with Regulation 30 of the SEBI Listing Regulations.

Chief Financial Officer Abhishek Kapoor, who signed the clarification letter, stated that the company has not withheld any information or announcements that would require disclosure under SEBI regulations.

Market Movement Attribution

The wine manufacturer provided clear explanations for the observed trading activity:

• The significant movement in price or volume is purely market-driven
• The company has no control over or knowledge of specific market reasons
• The increase is not attributable to any unpublished price-sensitive information
• No undisclosed events exist at the company level that would impact trading

Regulatory Commitment

Sula Vineyards reiterated its commitment to maintaining transparency with market participants. The company confirmed that there are no pending information or announcements, including impending announcements, that would have a bearing on the price or volume of its securities.

The company assured both exchanges of its continued commitment to promptly disclose any price-sensitive information in accordance with Regulation 30 of the SEBI Listing Regulations. This clarification was submitted to ensure regulatory compliance and maintain investor confidence in the company's disclosure practices.

Sula Vineyards Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a key leadership transition at the wine manufacturer. The company informed stock exchanges about this development in compliance with regulatory requirements.

Resignation Details

Ms. Shalaka Koparkar, who served as Company Secretary and Compliance Officer (Key Managerial Personnel), has tendered her resignation from the company's services due to personal reasons. The resignation follows proper corporate governance procedures and regulatory compliance.

Regulatory Compliance

The resignation was communicated to both NSE and BSE in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Koparkar will cease to be a Key Managerial Personnel of the company under Section 203 of the Companies Act, 2013, effective from the close of business hours on December 24, 2025.

The company has fulfilled all disclosure requirements as mandated by SEBI circulars, including detailed information about the cessation and its effective date. This ensures transparency and compliance with stock exchange listing obligations.

Succession Planning

Sula Vineyards has stated that it will formalize the appointment of a suitable candidate subject to necessary approvals, ensuring continuity in corporate secretarial functions.

Ms. Koparkar, who holds membership number A25314, expressed gratitude to the Board of Directors, CFO, and Senior Management for their support during her tenure. She requested the company to file necessary forms with the Registrar of Companies and provide intimation to stock exchanges regarding her resignation.

Corporate Impact

The transition is being managed systematically with a three-month notice period that Ms. Koparkar is serving to facilitate smooth handover of responsibilities. This approach aims to minimize disruption to the company's compliance and secretarial functions while ensuring regulatory continuity.

The resignation represents a routine corporate governance matter handled in accordance with established procedures and regulatory frameworks governing listed companies in India.