Company Response
DRA Consultants Limited stated that it has always disclosed all material information having bearing on the company's operations and performance to the stock exchange. All necessary disclosures have been made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 within stipulated timeframes.
Reason for Price Movement
The company explicitly stated that it is not aware of the reason for the significant movement in its share price. The management attributed the price movement to being "purely market driven" and potentially a combination of various factors including general market conditions.
Undisclosed Information Status
The company confirmed there is no undisclosed price-sensitive information or announcement that needs to be informed to the exchanges at this time. Management specifically stated they are not connected with the movement in the price of the shares.
Compliance Assurance
The company assured that it shall continue to promptly inform the exchanges of all material events, information, and actions as required under SEBI (LODR) Regulations 2015.
Financial Impact
No specific financial impact disclosed. The document is purely a regulatory compliance communication.
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