Clarification letter price movement

Date: August 31, 2026 The Listing Department BSE Limited P.J. Towers, Dalal Street Mumbai – 400001 Symbol: GARGFUR, Scrip Code: 530615 Subject: Clarification on price movement sought by BSE Limited (Email dated August 28, 2026). Dear Sir/Madam, This is with reference to your email/letter dated August 28, 2026, seeking clarification on the movement in the price of the equity shares of Garg Furnace Limited. In this regard, we would like to inform you that the Company has made all the necessary disclosures in a timely and accurate manner, in accordance with the principles governing disclosures and obligations in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirms that no material information/ event having a bearing on the price behaviour of its securities has been withheld and undertakes to continue making timely disclosures to the stock exchange of any price sensitive information, as and when required under the applicable regulations. The movement in the share price of the Company is purely market-driven and attributable to general market conditions and investor perception. We request you to kindly take the above clarification on record. Thanking you. Yours faithfully, For Garg Furnace Limited Devinder Garg Managing Director DIN: 01665456