Spurt in Volume

September 10, 2026 National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra(E), Mumbai - 400 051 Scrip: INDNIPPON Sub: Clarification on Spurt in Volume Ref: Your e-mail dated September 09, 2026 Dear Sir/Madam, This is with reference to your e-mail dated September 09, 2026 seeking clarification on the significant increase in the trading volume of the Company's equity shares in the recent past. In this regard, we wish to inform you that the Company has been promptly disclosing all material information and events to the Stock Exchanges in compliance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the Company is not aware of any information, announcement, event, or development, including any pending disclosure, which, in our opinion, may have a bearing on the price or volume behaviour of the Company's securities. The Company has not withheld any material information or event that would require disclosure under the applicable regulatory requirements. Accordingly, we believe that the observed increase in trading volume is purely market-driven. The Company remains committed to complying with all applicable disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and shall continue to keep the Stock Exchanges informed of all material events and information as and when required. This is for your information and records. Thanking you, Yours Faithfully, For India Nippon Electricals Limited S Logitha Company Secretary Membership No. A29260