Phoenix International Limited has submitted a formal response to BSE Limited's Surveillance Department regarding significant movement in the company's equity share price. The communication references BSE's email bearing reference no. L/SURV/ONL/PV/SJ/2026-2027/4387.
The company confirms its consistent compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, stating that it has been promptly intimating the Exchange regarding all material events, information, and corporate announcements that could impact operations, performance, or price behavior of the company's securities.
Specifically, the company clarifies that as of 15 October 2026, there are no pending material events, undisclosed price-sensitive information, or impending corporate announcements that, in management's opinion, could affect the price or volume behavior of the company's scrip.
The recent share price movement is attributed solely to market-driven factors and prevailing market conditions, with management explicitly stating they are "in no way connected with or responsible for any such price movement."
The company reaffirms its commitment to timely, accurate, and transparent disclosure of all material events and information in accordance with applicable regulatory requirements, and pledges to continue making appropriate disclosures to the Stock Exchange as required.
The document is signed by Narender Kumar Makkar, Company Secretary & Compliance Officer, from the company's registered office at 3rd Floor, Gopala Tower, 25 Rajendra Place, New Delhi-110008. Company CIN is L74899DL1987PLC030092.
Financial Impact
No financial impact disclosed. The company states the price movement is market-driven without any undisclosed material events.