Nature of Query:
The company received separate communications from both NSE and BSE on June 23, 2026 regarding movement in the price of the company's shares:
- NSE Reference: NSE/CM/Surveillance/17154
- BSE Reference: L/SURV/ONL/PV/SJ/2026-2027/3984
The queries were specifically regarding clarification on price movement of the company's securities.
Company Response / Clarification:
The company provided a comprehensive clarification stating:
- All events, information, and announcements (including impending announcements) that may bear on operations/performance have been regularly intimated to stock exchanges
- The company has complied with applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Management believes the price movement is "purely market driven and attributable to prevailing market conditions"
- Management explicitly stated they are "in no way connected with any such movement in the price"
- No specific financial metrics, revenue figures, profit numbers, or operational updates were provided in the response
- No supporting annexures, calculations, or tables were referenced
Regulatory Reference / Compliance:
The response explicitly references compliance with:
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The company affirmed its commitment to "maintaining the highest standards of transparency and timely disclosure"
- The company committed to continue complying with disclosure obligations and disseminating all material and price-sensitive information to stock exchanges as required
- No additional actions or filings were indicated as required beyond this clarification
Analyst Perspective / Material Implications:
No material operational or strategic insights were provided in the disclosure. The company's response was limited to:
- Affirmation of regulatory compliance
- Attribution of price movement to general market conditions
- Denial of any company connection to the price movement
- No impact on stock trading, liquidity, or investor perception was explicitly mentioned