Company Response to NSE Price Movement Query

Date and Nature of Query

  • Date of Communication: July 2, 2026
  • Exchange Query Date: July 1, 2026 (Reference: NSE/CM/Surveillance/17197)
  • Query Source: Email from dl-surv-all@nse.co.in regarding clarification on price movement

Company's Clarification on Trading Volume and Price Movement

  • The company states it is "not aware of the reason of significant movement in the price of our shares"
  • Attributes the share price movement to "purely market driven" factors
  • Suggests the movement may be a "combination of various factors including market conditions"
  • Explicitly states that "the management of the Company is in no way connected with the movement in the price of the shares"

Regulatory Compliance Reference

  • The company references compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • States that the company has "always been disclosing to the stock exchange, all the material information, which has a bearing on the operations/performance of the Company"
  • Confirms all necessary disclosures are made "within the stipulated time"
  • Reiterates that the company "will continue to adhere to the compliances required under the Listing Regulations and other applicable laws"

Topic Tags

Regulatory Response, Price Movement Clarification, Stock Trading, Compliance, SEBI Regulation 30