Cargotrans Maritime Limited responded to a clarification sought by BSE Limited regarding significant movement in the price of the company's shares. The query was initiated through an email received on May 25, 2026 (Reference Number: L/SURV/ONL/PV/SJ/2026-2027/3911).
The company confirmed its compliance with SEBI (LODR) Regulations, 2015 and stated that it has been promptly intimating the stock exchange about all events and information that may impact company operations or performance, including price-sensitive information as required.
The company explicitly denied having any undisclosed price-sensitive information or any impending announcements/corporate actions that need to be informed to the stock exchanges at this time. The management attributed the share price movement purely to market conditions and stated it is "absolutely market driven," with no connection to company management.
The company assured continued compliance with disclosure requirements within stipulated timelines and committed to keeping exchanges informed in the larger interest of investors. The response included an apology for the delayed reply to the exchange's email.
The document was digitally signed by Edwin Alexander, Director (DIN: 05211513), on May 30, 2026 at 15:22:01 +05:30.
Financial Impact
No financial impact disclosed. The company stated the price movement was due to market conditions only.