Mawana Sugars Limited Response to NSE Volume Query
Summary of Company's Response
Mawana Sugars Limited provided a formal clarification to the National Stock Exchange of India Ltd regarding unusual trading volume activity in its securities.
Date and Nature of Exchange Query
- Date of Communication: 26 September 2026
- Exchange Reference: NSE/CM/Surveillance/17602 dated 25.09.2026
- Nature of Query: The National Stock Exchange sought clarification on the spurt in volume of the company's securities across exchanges in the recent past.
Company's Clarification on Trading Volume
- The company stated there has been "no extra-ordinary event or activity" that would warrant exceptional movement of volume or share price on the Exchange.
- The price/volume movement was described as being "in sync with the shares of other sugar companies."
- The increase in volume was attributed to being "purely market driven."
- Management explicitly denied any connection with the volume increase: "The management of the company is in no way connected with the increase in the volume of the shares."
- The company confirmed there is no information or announcement, including any impending announcement, that may have a bearing on the price/volume behavior of the scrip.
Regulatory Compliance Reference
- The company referenced compliance with Regulation 30 of the Securities and Exchanges Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 and amendments thereto.
- The company stated it has "always ensured that all requisite information/announcements required to be disclosed" are made available on time.
- The company committed to "promptly make all information/disclosures required to be made under the Regulations from time to time."