Enclosed the clarification letter

Gandhi Special Tubes Limited CIN: L27104MH1985PLC036004 201-204,Plaza, 2nd Floor, 55 Hughes Road, Mumbai -400 007 Tel: +91 22 23634179/23634183 info@gandhitubes.com/complianceofficer@gandhitubes.com www.gandhispecialtubes.com Ref No: GSTL/BSE/62029032 Date: 23/09/2026 BSE Surveillance.. BSE Limited, P J Towers, Dalal Street, Mumbai -400001 Scrip Code : 513108 Dear Sir/Madam, Subject: Volume Movement Letter Ref. No.: L/SURV/ONL/PV/SG/ 2026-2027 / 378 dated 23 September 2026 under the Subject – Volume Movement Letter We refer to your email dated 23 September 2026 and would like to inform that the Company has intimated within stipulated time to both the Exchanges where its Securities are listed ( viz; NSE and BSE) of all the events and information which to its best belief and knowledge has an impact on the operations and performance of the Company which includes all price sensitive information, etc. as required to be disclosed under the provisions of Regulation 30 and all other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any other law for the time being in force. Further, there is no pending information or announcement from the Company which may have a bearing on the volume behavior in the scrip. The Company shall continue to make applicable disclosures within the stipulated time. In view of the above, we would like to submit that the increase in volume/ price of the company is purely due to market conditions and absolutely market driven and the management of the company is in no way connected with any such movement in increase in volume/ price. Please take the above clarification on your record. Thanking you, Yours Faithfully, For GANDHI SPECIAL TUBES LTD Chaitali Parekh Company Secretary &Compliance Officer