Regulatory Compliance Statement
The company confirmed full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30. The disclosure stated that all material events and information requiring disclosure under these regulations had been duly intimated to the stock exchanges. The company explicitly stated it had not withheld any information or impending announcements that could influence price/volume behavior of its securities.
Price Movement Explanation
Management attributed the significant price movement to market-driven factors, stating that the company neither has control over nor specific knowledge of the reasons behind such market behavior. The response characterized the volatility as purely market-driven without company-specific catalysts.