Company's Response
The management states that the price movement in the company's scrip is "purely due to market conditions and absolutely market driven." The company explicitly states that management "neither has any control nor has any knowledge of the reasons for the significant movement in the price of our scrip."
Compliance Statement
The company confirms it has made and will continue to make all relevant disclosures in compliance with its obligations under:
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
- Other applicable provisions of SEBI LODR Regulations
- Agreements entered into with the Stock Exchange
Financial Impact
No specific financial impact or quantitative figures related to the price movement are disclosed in this filing. The company attributes the movement entirely to market conditions without providing specific percentage changes or valuation impacts.