Protean eGov Technologies Limited has submitted a formal response to BSE Limited's Surveillance Department regarding recent price movement in the company's securities. The clarification was requested by BSE via email dated September 23, 2026 (Reference No. L/SURV/ONL/PV/SJ/2026-2027/4287).
The company stated that the movement in its share price is "purely due to market conditions" and may be a combination of various other factors. The company explicitly noted that it neither has any control over these factors nor possesses any knowledge of the specific reasons behind the price movement.
Protean eGov reaffirmed its commitment to regulatory compliance, specifically mentioning adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as other applicable laws.
The response was digitally signed by Maulesh J Kantharia, Company Secretary & Compliance Officer (FCS 9637), on September 23, 2026 at 19:20:07 IST from Mumbai.
Financial Impact
No financial impact or specific quantitative figures were disclosed in this clarification. The document serves solely as a regulatory response to exchange inquiries about price volatility.