Nature of Query:

The company received regulatory queries from both BSE and NSE regarding significant movement in the price of its scrip. The queries were received via:

  • BSE Email bearing Ref No. L/SURV/ONL/PV/SJ/2026-2027/3965 dated June 19, 2026
  • NSE letter bearing Ref No. NSE/CM/Surveillance/17137 dated June 19, 2026

The specific nature of the query pertained to unusual price movement in the company's securities.

Company Response / Clarification:

The company provided a comprehensive clarification regarding the price movement:

  • Affirmed that all events and information having a bearing on the company's operation/performance have been duly intimated to stock exchanges from time to time
  • Specifically referenced compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended
  • Stated that the price movement is "purely due to market conditions and absolutely market driven"
  • Explicitly stated that the company "neither has any control nor has any knowledge of the reasons for the significant movement in price of our scrip"
  • No quantitative financial details, revenue, profit, EPS adjustments, or cash flow metrics were provided in the response
  • No supporting annexures, calculations, or tables were referenced

Regulatory Reference / Compliance:

The response heavily emphasizes regulatory compliance:

  • Multiple references to Regulation 30 of SEBI Listing Regulations
  • Affirmation that the company has made and will continue to make all relevant disclosures
  • Reference to compliance with agreements with the stock exchanges
  • No additional actions or filings were indicated as required beyond ongoing disclosure obligations

Analyst Perspective / Material Implications:

No material operational or strategic insights were provided in the clarification. The company explicitly stated it has no knowledge of the reasons behind the price movement and attributed it solely to market conditions. The disclosure maintains that all price-sensitive information has been properly disclosed in accordance with regulatory requirements.