Company Response to NSE Price Movement Query

Date and Nature of Exchange Query

  • The company received a communication from the National Stock Exchange of India Ltd. on October 1, 2026
  • The query was regarding clarification on price movement of the company's shares
  • Reference: Letter No- NSE/CM/Surveillance/17646 dated October 1, 2026
  • The query originated from dl-surv-all@nse.co.in with subject "Clarification on Price Movement"

Company's Clarification on Trading Volume and Discrepancies

  • The company stated it is not aware of the reason for significant movement in the price of its shares
  • Management attributed the share price movement to being "purely market driven"
  • Suggested the movement may be a combination of various factors including market conditions
  • The management explicitly stated they are "in no way connected with the movement in the price of the shares"

Regulatory Compliance Reference

  • The company referenced compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Stated they have always disclosed all material information having bearing on operations/performance
  • All disclosures are made within stipulated timeframes as required under Listing Regulations
  • Referenced SEBI Master Circular No HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026

Material Disclosure Details

  • The company disclosed an Agreement dated September 12, 2026 for acquisition/purchase of land
  • Land location: AA-14 at Mascot Industrial City, Vitthalapur
  • This information was already intimated to the Stock Exchange within stipulated time as per Listing Regulations
  • The disclosure included all details required under the SEBI Master Circular

Compliance Reaffirmation

  • The company reiterated it has always and will continue to adhere to compliances under Listing Regulations
  • Committed to compliance with all other applicable laws
  • Requested the exchange to take the clarification on record

Date: October 1, 2026 at 10:34:44 +05:30

Topic Tags: Regulatory Response, Exchange Surveillance, Price Movement Clarification, Land Acquisition Disclosure, SEBI Compliance