Response to Exchange Query
The company stated that there is no price sensitive information or announcement pending to be intimated to the Exchange concerning the company's operations. The management confirmed they are not aware of the reason for the significant movement in the company's share price.
Reason Cited for Price Movement
The company attributed the share price movement to being "purely market driven" and potentially a combination of various factors including market conditions. The management explicitly stated they are "in no way connected with the movement in the price of the shares."
Regulatory Compliance Statement
The company confirmed it has been diligently disclosing all material information to stakeholders and has been complying with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The company committed to disclose any material information required to be disclosed as and when required.