NSE letter No. NSE/CM/Surveillance/17514 dated September 08, 2026
Query regarding "Movement in Price" of the company's securities
Specifically addresses spurt in price observed in trading
Company Response / Clarification:
Company states it is not aware of any reason for the spurt in price across exchanges
Attributes the price movement to purely market-driven factors
Speculates that the spurt may be a combination of various market conditions
Explicitly states that management is in no way connected with the price spurt
No quantitative financial details, revenue, profit, or operational metrics provided
No supporting annexures, calculations, or tables included with the response
Regulatory Reference / Compliance:
Company affirms it discloses all material information in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Reiterates commitment to adhere to corporate governance practices
No additional actions or filings required mentioned in the response
Analyst Perspective / Material Implications:
No material operational or strategic insights provided in the clarification
Company explicitly denies any insider knowledge or involvement in price movement
Response maintains that price movement is external and market-driven
No impact on stock trading, liquidity, or investor perception discussed
