Dwarkesh Sugar Industries Limited submitted a formal clarification to both the Bombay Stock Exchange and National Stock Exchange of India Limited regarding significant movement in the price of the company's equity shares.
The disclosure is in response to specific communications received from the exchanges:
- NSE/CM/Surveillance/17390 dated 21 August 2026
- BSE Surveillance Email dated 21st August 2026
The company explicitly states that there is no unpublished price sensitive information (UPSI) or any material information that has not been disclosed to the stock exchanges. Management attributes the recent price fluctuation of the company's equity shares to purely market-driven factors rather than any undisclosed company-specific developments.
The letter confirms that the company has been making timely disclosures of all material events in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reaffirms its commitment to ensuring full compliance with all applicable SEBI LODR Regulations and other applicable rules and regulations, and pledges to continue making timely disclosures of any material events when required.
The communication was digitally signed by Balkishan J Maheshwari, who holds the positions of Managing Director & Company Secretary cum Compliance Officer, with DIN: 00002075. The document reference is DSIL/2026-27/162.
Financial Impact
No financial impact is mentioned in the disclosure. The communication is purely explanatory regarding price movement and compliance status.