Summary Body:

Nature of Query:

The National Stock Exchange (NSE) and BSE Limited sought clarification from Dynamic Cables Limited regarding significant movement in the price of the company's security across exchanges in recent periods. The query was initiated through NSE Letter No.: NSE/CM/Surveillance/17464 and BSE Email ref no.: L/SURV/ONL/PV/SJ/2026-2027/4206 dated September 02, 2026.

Company Response / Clarification:

The company provided a comprehensive response denying any connection to the price movement. Key points include:

  • The company has intimated exchanges from time to time of all events and information having a bearing on the operation and performance of the company
  • All price-sensitive information required to be disclosed under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been disclosed
  • The company has not withheld any material information or events (including impending announcements) that in their opinion have a bearing on the price or volume behavior of the company's securities
  • The movement in the price of securities is attributed purely to market conditions and is described as "absolutely market driven"
  • Management explicitly stated they are "in no way connected with any such movement in price of the securities"

No quantitative financial details, revenue, profit, EPS adjustments, or cash flow metrics were provided in the response. No supporting annexures, calculations, or tables were included.

Regulatory Reference / Compliance:

The response explicitly references compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. The company affirms that in the event any information requires disclosure under Regulation 30, they will make the same in accordance with regulatory requirements.

Analyst Perspective / Material Implications:

No material operational or strategic insights were provided in the clarification. The disclosure explicitly states that management is not connected to the price movement and attributes volatility solely to market conditions. No impact on stock trading, liquidity, or investor perception was discussed beyond the general denial of responsibility.