Clarification to the email received regarding Price Movement.

Corporate Office & Communication Address: 40I Aza House, 24, Turner Road, Bandra (W), Mumbai 400 050. Website: www.panamapetro.com Phone : 9I-22-42I77777 I Fax : 9I- 22-42I77788 I E-mail : ho@panamapetro.com CIN No. L23209GJI982PLC005062 June 23, 2026 BSE Surveillance BSE Ltd. Pjiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001 Scrip Code: 524820 Subject: Clarification on Movement in Price Dear Sir/Madam, This is in response to your e-mail Letter No. L/SURV/ONL/PV/SJ/ 2026-2027 / 3973 dated June 22, 2026. In this regard, we would like to clarify that the Company has been regularly sharing all information/announcements that may have a bearing on the operation/performance of the company including all price sensitive information with the stock exchange. Further, we wish to clarify that movement in price the Company’s shares is purely as per investors’ perceptions based on information already disseminated to the Stock Exchanges. The Company has not withheld any material information/event that in our opinion, would have a bearing on the price/volume behavior of our Company's equity shares. It is reiterated that we have been regularly following and complying with all the listing norms for disclosures and the Company is in no way, directly or indirectly, involved in any increase of the price/volume of its equity shares across the Exchanges. Kindly take the above submission on your record. Thanking You, Yours faithfully, For Panama Petrochem Limited Gayatri Sharma Company Secretary & Compliance Officer