BSE query dated June 3, 2026 (Ref No. L/SURV/ONL/PV/SJ/2026-2027/3922) regarding significant movement in price of the company's scrip.
NSE query dated June 3, 2026 (Ref No. NSE/CM/Surveillance/17045) regarding significant movement in price of the company's scrip.
Company Response / Clarification:
The price movement in the company's scrip is attributed purely to market conditions and is described as "absolutely market driven."
The management stated they neither have any control nor any knowledge of the reasons for the significant price movement.
No quantitative financial details, revenue, profit, EPS adjustments, or cash flow metrics were provided in the clarification.
No supporting annexures, calculations, or tables were referenced in the response.
Regulatory Reference / Compliance:
The company affirmed it has made and will continue to make all relevant disclosures in compliance with obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.
The company referenced compliance with agreements with the stock exchanges.
Analyst Perspective / Material Implications:
No material operational or strategic insights were provided in the clarification.
The disclosure explicitly states no company-specific developments driving the price movement, suggesting the volatility is external and market-driven.
