Summary Body:

Nature of Query:

  • NSE Surveillance letter Ref No. NSE/CM/Surveillance/17628 dated September 29, 2026
  • Query regarding significant movement in the price of the company's security at the Exchange
  • Received at 06:10 PM on September 29, 2026

Company Response / Clarification:

  • Company states it has not withheld any material information/events bearing on company operations/performance
  • Confirms all price-sensitive information required under SEBI Regulation 30 has been disclosed
  • Attributes significant price movement purely to market conditions and describes it as "absolutely market driven"
  • Management explicitly denies any connection with the price movement
  • No quantitative financial details, revenue, profit, or operational metrics provided in the response
  • No supporting annexures, calculations, or tables included with the clarification

Regulatory Reference / Compliance:

  • Explicit reference to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Company affirms compliance with all disclosure requirements under SEBI LODR
  • No additional actions or filings indicated as required

Analyst Perspective / Material Implications:

  • No material operational or strategic insights provided in the disclosure
  • Company's response suggests no fundamental changes in business operations driving price movement
  • Disclosure serves primarily as a regulatory compliance response without additional business context