Nature of the Event
This document is a formal regulatory clarification submitted by Kabsons Industries Limited to the BSE Limited in response to a specific surveillance query. The query, referenced by email L/SURV/ONL/PV/SJ/2026-2027/4384 dated 14th October 2026, sought an explanation for the observed price movement in the company's securities.
Regulatory Context and Compliance Stance
The company explicitly confirms its adherence to all disclosure obligations mandated under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. It reiterates its high priority towards compliance with all requirements from the Stock Exchange, SEBI, and other regulators.
Key Clarification on Price Movement
The management of Kabsons Industries Limited states it has no knowledge or information, not already disclosed to the public, that could explain the price movement. The company attributes the entire movement in its share price to general market conditions, describing it as "purely due to market conditions and absolutely market driven." It explicitly denies any management connection to or involvement in the price movement.
Signatory and Submission
The letter is digitally signed by Madhu Thokala, Company Secretary & Compliance Officer (Membership No. A54822), on behalf of Kabsons Industries Limited. It was addressed to The Manager, The Department of Corporate Services, BSE Limited, at their office on the 25th Floor, P. J. Towers, Dalal Street, Mumbai-400 001.