Ashoka Metcast Limited submitted a formal response to both BSE Limited and National Stock Exchange of India Limited regarding queries about significant movement in the company's security price. The response was addressed to the Surveillance Departments of both exchanges.
The company referenced specific queries: BSE's query via email dated 15th September 2026 and NSE's notification regarding "Clarification on Price Movement."
Ashoka Metcast stated that it has been promptly disclosing all events, information, and announcements required to be disclosed under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company explicitly confirmed that as of 16th September 2026, there is no event, information, or impending announcement that in the company's opinion may have a bearing on the price behavior of the company's security, and which is required to be disclosed to the stock exchange under applicable SEBI LODR Regulations.
The company attributed the movement in share price to being "purely market driven" and stated that the company has no control over such market movements.
Ashoka Metcast reaffirmed its commitment to ensuring timely disclosure of all material information as required under applicable laws and regulations.
The letter was signed from the company's registered office at Corporate House-2, Anam-2, Iscon Ambli BRTS Road, Near Vakil Saheb Bridge, Ambli, Ahmedabad-380058, Gujarat, India.