Company Response to NSE Price/Volume Movement Query

Summary of Clarification

Sanstar Limited provided a formal clarification to the National Stock Exchange of India Limited regarding significant movement in the price and volume of its security.

Date and Nature of Query

  • Date of Communication: 25th June 2026
  • Reference: NSE letter Ref. No.: NSE/CM/Surveillance/17168
  • Nature of Query: The NSE sought clarification regarding significant movement in the price/volume of Sanstar Limited's security

Company's Clarification on Trading Volume

The company stated that the recent movement in price and/or volume of its securities may have been contributed to by a preferential issue of equity shares resulting in the allotment of shares to investors. This allotment increased the company's issued and paid-up share capital, resulting in consequent market activity.

Regulatory Compliance Reference

  • The company confirmed strict compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations)
  • Specifically referenced compliance with Regulation 30 of SEBI LODR Regulations
  • Confirmed all material events and disclosures have been duly intimated to Stock Exchanges within prescribed timelines
  • All requisite disclosures and intimations regarding the preferential issue and allotment of shares were made to Stock Exchanges within prescribed timelines

Financial Results Clarification

The document does not discuss financial results clarification. The response focuses exclusively on the price/volume movement explanation and regulatory compliance aspects.

Additional Confirmations

  • The company confirmed there is no unpublished price sensitive information (UPSI) pending announcement
  • No proposals, events, or other material information requiring disclosure under SEBI LODR Regulations that could bear on recent price/volume movement
  • The company is not aware of any other undisclosed information that could affect security movement
  • Except for already disclosed corporate developments (preferential issue and allotment), no other events are known to affect security movement

Topic Tags: Regulatory Response, Stock Trading, Volume Increase, Compliance, Preferential Allotment