Company Response to NSE Volume Spurt Query
Date and Nature of Query
Kirloskar Industries Limited received a communication from the National Stock Exchange of India Limited (NSE) on 17 June 2026. The exchange's letter, with Reference No. NSE/CM/Surveillance/17117, sought clarification from the company regarding a spurt in the trading volume of its scrip.
Company’s Clarification on Trading Volume
The company's response, dated 18 June 2026 and signed by Company Secretary & Compliance Officer Ashwini Mali, stated that it had already intimated the NSE of all events and information that could impact the company's operation and performance. This includes all price-sensitive information, which was disclosed within the stipulated time frames.
The company further clarified that, as of the date of the letter, there was no pending information or announcement from the company that could have a bearing on the price or volume behavior of its scrip. It committed to continuing to make all applicable disclosures within the stipulated time in the future.
Reason for Volume Movement
The management attributed the movement in the share price and volume purely to market conditions, stating it was "absolutely market-driven." The company explicitly stated that its management was in no way connected to any such movement.
Reference to Regulatory Compliance
The company's response confirms its adherence to Regulation 30 and all other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It asserts full compliance with these regulations and other applicable laws regarding the disclosure of material information.