The company received a clarification request from BSE via email dated 26-08-2026 regarding recent price movement of its scrip
Management asserts full compliance with SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, specifically Regulation 30
The company attributes the price movement to market conditions, demand-supply dynamics, and trading activity of existing and prospective investors
Specifically states that the price movement is "entirely market-driven" and that the company and/or its management have "no connection with, control over, or role in such movement"
Historical Context
Trading in the company's equity shares was suspended for approximately 1.5 years due to procedural requirements following a capital reduction undertaken by the company
Trading resumed effective from 11-08-2026
The company suggests that renewed trading activity after prolonged suspension may have caused increased investor interest and volatility
