Company Disclosure: Price Movement Clarification
Regulatory Context and Exchange References
The disclosure is made in reference to:
- BSE Email bearing Ref No L/SURV/ONL/PV/SJ/2026-2027/4275 dated September 21, 2026
- NSE Email with letter bearing Ref No NSE/CM/Surveillance/17572 dated September 21, 2026
Company's Position on Disclosures
The company asserts that it has fully complied with its disclosure obligations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 and other applicable regulations. The management confirms that:
- All events and information, including all price-sensitive information, have been duly intimated to the exchanges
- No information or announcement (including impending announcements) has been withheld
- The company believes no undisclosed information would have bearing on the price/volume behavior of the scrip
Explanation for Price Movement
The company attributes the significant price movement in its scrip to:
- Purely market conditions
- Absolutely market-driven factors
- Management explicitly states it has neither control nor knowledge of the specific reasons for the price movement
Governance and Compliance Assurance
The company reaffirms its commitment to:
- Consciousness of listing obligations under SEBI Listing Regulations
- Regular discharge of disclosure responsibilities
- Continued adherence to disclosure requirements
- Highest standards of governance and disclosures