RITES Limited has submitted a clarification to the Corporate Relationship Department of BSE Limited in response to their email reference no. L/SURV/ONL/PV/SG/2026-2027/448 dated October 16, 2026. The exchange had queried the company regarding significant movement in the volume of the company's security in the recent past.
The company explicitly states that it has no information or announcement (including any pending announcement) that could have a bearing on the price or volume behavior of its scrip. All information required to be disclosed to the stock exchange under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been disclosed on a timely basis to the stock exchanges.
RITES attributes the movement in the volume of its equity shares to being completely market driven, indicating no company-specific catalyst for the trading activity. The company requests that this clarification be taken on record.
The communication is digitally signed by Nikhil Agarwal, Company Secretary & Compliance Officer (Membership No.: A42626) of RITES Limited, on October 16, 2026 at 14:57:43 IST.
Financial Impact
No financial impact disclosed. The company confirms no material undisclosed information exists that would affect share price or volume.