Company Response to NSE Volume Query
Savita Oil Technologies Limited has formally responded to a clarification sought by the National Stock Exchange of India Limited (NSE) regarding unusual trading activity in its securities.
Date and Nature of Query
- Query Date: 3rd June 2026 (received via email)
- NSE Reference Number: NSE/CM/Surveillance/17044
- Subject: Clarification on significant increase in price/volume behavior in the company's scrip
Company's Clarification on Trading Volume
The company stated that it has not withheld any material information or event that is required to be disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company further clarified that there is no other material information or event in its opinion that would have a bearing on the price/volume behavior of its scrip.
Reason for Volume Increase
The company attributed the increase in price/volume of its scrip to being "purely market driven," indicating no company-specific fundamental or event-based catalyst for the unusual trading activity.
Regulatory Compliance Reference
The response specifically references compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming adherence to mandatory disclosure requirements.
Topic Tags
Regulatory Response, Volume Increase, Compliance, SEBI Regulation 30, Stock Trading