Newgen Software Technologies Limited Regulatory Response
Summary of Company's Response
Newgen Software Technologies Limited submitted a formal response to the National Stock Exchange of India Limited on 30th August 2026 regarding the significant increase in trading volume of the company's shares.
Date and Nature of Exchange Query
The communication was in response to the NSE's letter reference number NSE/CM/Surveillance/17434 dated 28th August 2026, which sought clarification regarding the significant increase in the volume of shares of the Company.
Company's Clarification on Trading Volume
The company stated that, to the best of the management's knowledge, there is no information, event, or announcements that have a bearing on the operation/performance of the Company, including all price-sensitive information, other than those which have already been disclosed to the stock exchanges from time to time. The management confirmed they are in no way connected with any such increase in volume in the shares of the Company.
Regulatory Compliance Reference
The company specifically referenced compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, affirming that all required disclosures have been made appropriately.
Attribution of Volume Increase
The company suggested that the increase in share volume may be due to multiple factors beyond the Company's control, including market sentiment, investor behaviour, global economic conditions, and sectoral trends.