The Exchange has sought clarification from Pine Labs Limited with respect to recent news item captioned Karnataka Bank inks pact with Pine Labs for point-of-sale service. The response from the Company is attached.
PINELABS · price
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NSE sought clarification from Pine Labs regarding a news article about a partnership with Karnataka Bank for point-of-sale services. Pine Labs confirmed it entered into a commercial agreement with Karnataka Bank for retail payment solutions, which was announced by Karnataka Bank on April 21, 2026. Pine Labs stated it did not issue a separate press release as the partnership falls squarely within its ordinary course of business. The company assessed the arrangement under Regulation 30 of SEBI LODR and determined it does not require material disclosure. Pine Labs clarified that bank alliance partnerships are publicly known and part of its established business strategy, with no Unpublished Price Sensitive Information involved. The company confirmed it is in full compliance with applicable regulations.
This clarification filing confirms no material impact on the company from the Karnataka Bank partnership announcement. The filing is primarily a regulatory compliance response to explain why a separate exchange filing was not made for what Pine Labs characterizes as routine business activity.