Response to BSE (Dated 05.09.2026)

The company acknowledges a delay in responding to BSE's emails dated August 31, 2026, and September 03, 2026. The delay is attributed to unexpected technical issues within the company's mailing system which prevented the timely receipt of BSE's initial communication. The company states it has already submitted its official response to the National Stock Exchange of India (NSE) within the stipulated timeline and attached a copy of that response and its acknowledgment for BSE's records. Shah Alloys reiterates its full commitment to complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by promptly intimating exchanges of all material events and price-sensitive information.

Response to NSE (Dated 01.09.2026)

The company clarifies that the recent price movement is a market-driven reaction to corporate actions already disclosed to the exchanges. It specifically references a corporate announcement dated August 12, 2026, wherein the Board of Directors approved a proposal for a major operational restructuring of its Santej steel plant and diversification strategies into commodity trading and real estate. This information was disclosed to the exchanges on the same day under Regulation 30. Following the board's decision, the formal Notice of the 36th Annual General Meeting (AGM) was dispatched to shareholders and filed on the exchange portals. The AGM is scheduled for September 18, 2026, to seek shareholder permission for these plans. The company confirms that, other than these already-disclosed actions, there is no undisclosed or Unpublished Price Sensitive Information (UPSI) that could explain the recent price behavior.

Key Entities and Roles

  • Regulators: BSE Limited, National Stock Exchange of India Ltd. (NSE), Securities and Exchange Board of India (SEBI)
  • Company Representative: Narayanlal F. Shah, Company Secretary & Compliance Officer (Membership No. A30225)

Financial / Operational Impact

The disclosure states that the price movement is attributed to the market's assessment of the previously announced operational restructuring and diversification into commodity trading and real estate. The financial impact of these plans is not quantified in this disclosure.

Capital Structure Impact

No impact on capital structure is mentioned in this specific disclosure.

Forward-Looking Statements

The AGM on September 18, 2026, is a forward-looking event where shareholder approval for the restructuring and diversification will be sought.

#Tags: #ShahAlloys #PriceMovement #SEBIRegulation30 #RegulatoryCompliance #Neutral