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