Nexxus Petro Industries Limited submitted a clarification to BSE Limited regarding significant movement in the price of its scrip. The company acknowledged receipt of BSE's email dated August 6, 2026, which inquired about the price movement.
The company stated that the price movement in its scrip is "purely due to market conditions and absolutely market driven." The management explicitly stated that they "neither have any control nor have any knowledge of the reasons for the significant movement in price of our scrip."
The company affirmed its compliance obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, stating that it has made and will continue to make all relevant disclosures in accordance with these regulations and its agreements with the stock exchanges.
The letter was digitally signed by Zehra Murtaza Ghadiali, Company Secretary and Compliance Officer, on August 13, 2026, at 14:13:23 IST from Ahmedabad. The company's Corporate Identification Number is L50400GJ2021PLC126116.
Financial Impact
No specific financial impact or material developments were disclosed in this filing. The company characterized the price movement as market-driven without providing specific financial metrics or operational updates.