Summary Body:
Nature of Query:
The company received two separate queries regarding trading volume and price movement:
- Email dated September 03, 2026, from BSE Limited (Ref. No. L/SURV/ONL/PV/SJ/2026-2027/4212)
- Email dated September 03, 2026, from National Stock Exchange of India Limited (NSE) enclosing letter Ref. No. NSE/CM/Surveillance/17472
The queries pertained to recent significant movement in the price and/or trading volume of the company's securities.
Company Response / Clarification:
Modison Limited stated that it has made timely disclosures to both stock exchanges regarding all events and information which, to the best of its knowledge and belief, have a bearing on the operations and performance of the company. The company affirmed there is no information or event, including any impending announcement, which has not been disclosed to the stock exchanges and which could have a bearing on the price or volume movement of the company's securities.
The company explicitly stated that the recent significant movement in the price and/or trading volume of its securities "appears to be purely market-driven and is not attributable to any undisclosed material information or event on the part of the Company."
Regulatory Reference / Compliance:
The company referenced compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"). The company affirmed its commitment to complying with all applicable provisions of the SEBI LODR Regulations and other applicable laws, and pledged to continue promptly disclosing all material events and information to the stock exchanges as and when they arise.
Analyst Perspective / Material Implications:
No material financial or operational implications were disclosed. The clarification suggests the trading activity was driven by market forces rather than company-specific fundamental developments. The response maintains the company's compliance standing without indicating any regulatory concerns.