Lokesh Machines Limited submitted a formal clarification to BSE Surveillance regarding significant price movement of its security across exchanges. The communication was in response to BSE's email dated October 6, 2026, with reference number L/SURV/ONL/PV/SJ/2026-2027/4348.
The company stated that it has been "prompt, regular, and diligent" in making all necessary disclosures and intimations to Stock Exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management confirmed that to the best of their knowledge and information, there is no pending material information, announcement, or corporate development that requires disclosure under these regulations.
The company explicitly stated that there are no impending announcements of a price-sensitive nature that might have a bearing on the price movement of the security. Management attributed the recent significant increase in the security's price during current trading sessions as "entirely market-driven and a function of prevailing market conditions," emphasizing they have no control over these market movements.
The letter was signed by Mullapudi Lokeswara Rao, Managing Director (DIN: 00989447), who reaffirmed the company's commitment to maintaining transparency and complying with all regulatory requirements under the SEBI LODR Regulations. The company pledged to continue keeping exchanges informed of any material developments as required by law.