Gallard Steel Ltd has responded to a BSE inquiry dated August 18, 2026 (Reference No. L/SURV/ONL/PV/APJ/2026-2027/4151) regarding significant movement in the company's share price.
The company states that there is no information or announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 that would have a significant impact on the price behavior of the company's scrip.
The company believes the significant share price change is purely due to market conditions and market-driven factors, over which the company has no control and no knowledge of the specific reasons for such movement.
Gallard Steel reaffirms its commitment to comply with all requirements of SEBI (LODR) Regulations, 2015 and assures that any future announcements or disclosures required under Regulation 30 will be disclosed to the exchange immediately.
The communication was digitally signed by Trapti Jain, Company Secretary & Compliance Officer, on August 19, 2026 at 16:21:02 IST.