Clarification from EKI Energy Services Limited

November 2, 2026 BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 543284 Symbol: EKI Ref: BSE Surveillance letter No. L/SURV/ONL/RV/APJ/(2026-2027)/114 dated November 2, 2026 Subject: Clarification on news item appearing on www.moneycontrol.com dated October 31, 2026 – Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, With reference to your Email dated 02 November, 2026 regarding seeking clarification on the news item captioned "Sebi bars EKI Energy, MD Manish Dabkara from securities market over financial misrepresentation; imposes penalty" appearing on www.moneycontrol.com dated October 31, 2026, and on the movement in the price of the Company's scrip on November 2, 2026, we submit as under: 1. Clarification on the news item The news item relates to the Order dated October 30, 2026 (Ref. QJA/MN/CFID/CFID-SEC6/32818/2026- 27) passed by the Securities and Exchange Board of India ("SEBI") in the matter of EKI Energy Services Limited under Sections 11(1), 11(4), 11(4A), 11B(1) and 11B(2) of the SEBI Act, 1992. By the Order, SEBI has imposed a monetary penalty totally Rs. 88 Lakh on the Company and other individuals for various alleged violations of securities market regulations. The Company understands that the news item relates to the said Order. However, the Company received the said Order by e-mail from SEBI on November 2, 2026 at approx. 10:44 a.m. and has disclosed the same to the Exchange under Regulation 30 vide its letter dated November 2, 2026, filed at 4:11 p.m., together with the details required under the SEBI Master Circular. A copy is enclosed for ready reference. 2. Whether negotiations were taking place The company understands that the news item does not relate to any negotiations. The Company hereby confirms that no negotiations or discussions are currently taking place or have taken place during the relevant period in relation to any material transaction or development which may have a bearing on the trading price or volume of the Company's securities. Accordingly, there are no such events to be reported. 3. Information not announced to the Exchange Other than the Order, which has been disclosed to the Exchange as stated above and is a public document available on the SEBI website, the Company confirms that it is not aware of any information or announcement, including any unpublished price-sensitive information, which has not been disclosed to the Stock Exchanges and which may have a bearing on the movement in the trading price or volume of the Company's securities. The company has made the intimation in a timely manner upon receipt of the order from Securities and Exchange Board of India on its email, copy of the said email is attached herewith for reference. The Company has no control over the trading in its scrip. The movement in the price of the Company's securities is purely market-driven, and the Company has no control over such movement. 4. Regulatory/legal proceedings The relevant details regarding the regulatory proceedings have either been mentioned in the intimation disseminated by the company or in the impugned SEBI order. On the basis of a preliminary reading of the Order, the company does not concur with certain assertions and actions taken by the authority, especially when the company has been exonerated by the Ministry of Corporate Affairs against the same allegations and transactions. The Company is evaluating appropriate legal remedies available under law with necessary legal consultation and is preparing to suitably challenge the matter before appropriate authorities, including appeal before the Securities Appellate Tribunal under Section 15T of the SEBI Act, 1992. The business of the company, including its ongoing projects and regular business transactions have not been inferred upon by this order and the same remains duly functional. 5. Disclosure under Regulation 30 The Company has complied with Regulation 30. The Company received the Order from SEBI by e-mail on November 2, 2026 and made the disclosure to the Exchange on the same day with compliance of SEBI LODR Regulation, 2015, within the timeline prescribed under Regulation 30. Therefore, there has been no non-disclosure or delay on the part of the Company in respect of the matter. We request you to take the above on record and disseminate the clarification to the market. Thanking you, Yours faithfully, For EKI Energy Services Limited Yash Joshi Company Secretary and Compliance Officer Encl.: (1) Intimation dated November 2, 2026, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, along with the Annexure and Acknowledgement. November 2, 2026 BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 543284 Symbol: EKI Subject: Disclosure under Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of Order dated October 30, 2026 from the Securities and Exchange Board of India (received by e-mail on November 2, 2026) Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we hereby inform you that the Company has received an E-mail on November 2, 2026 at approx 10:44 AM from the Securities and Exchange Board of India, informing that an Order dated October 30, 2026 (Ref. QJA/MN/CFID/CFID-SEC6/32818/2026- 27) is passed in the matter of EKI Energy Services Limited by the Hon’ble Quasi-Judicial Authority, SEBI, imposing monetary penalties totaling to Rs. 88 Lakh on the Company and other individuals for various alleged violation of securities market regulations. On the basis of a preliminary reading of the Order, the company does not concur with certain assertions and actions taken by the authority. The Company is evaluating appropriate legal remedies available under law with necessary legal consultation and is preparing to suitably challenge the matter before appropriate authorities. The disclosures as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. HO/CFD/CFD-PoD-1/P/CIR/2025/376 dated January 30, 2026, are enclosed as Annexure - I. This is for your information and record. Thanking you, Yours faithfully, For EKI Energy Services Limited Yash Joshi Company Secretary and Compliance Officer Annexure - I Disclosure under Part A of Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. Particulars Details 1. Name of the authority Securities and Exchange Board of India 2. Nature and details of the action(s) taken or Order under Sections 11(1), 11(4), 11(4A), order(s) passed 11B(1) and 11B(2) of the SEBI Act, 1992 read with Rule 5 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995. 3. Date of receipt of direction or order, including The Company has received the order on e-mail any ad-interim or interim orders, or any other on November 2, 2026 at 10:44 a.m. (approx.) communication from the authority; 4. Details of the violation(s)/contravention(s) Alleged violation of Regulation 2(1)(c), committed or alleged to be committed; particularly clause (5) and (8) of the PFUTP Regulations, Section 12A(c) of the SEBI Act 1992, read with Regulations 3(d), 4(1) and 4(2)(f), (k) and (r) of the PFUTP Regulations. Further, alleged violation of Regulation 4(1)(a), (b), (c), (e), (g), (h), (j), Regulations 33(1)(a), (c) and Regulation 48 of the LODR Regulations read with Ind AS 115. 5. Action on the Company Restrained from accessing the securities market and dealing in securities for 2 months from the date of the Order and penalty of Rs. 12 lakh (Rs. 7 lakh under Section 15HA and Rs. 5 lakh under Section 15HB), payable within 45 days of receipt. 6. Action on other persons Mr. Manish Kumar Dabkara ( [Showing first 8,000 characters — download PDF for full document]