Company Response to NSE Surveillance Query
Date of Communication: Response dated to NSE letter dated 12th June, 2026
Nature of Query: The National Stock Exchange of India Limited sought clarification regarding significant movement in the price of the company's securities and inquired about any disclosures required under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Company's Clarification on Trading Volume and Price Movement:
- The company states it has been following its Corporate Governance Code and practices for intimating stock exchanges and disseminating information
- Attributes the significant price movement of equity shares during recent past to "purely market forces" or a "combination of various factors including market conditions"
- Confirms that all information/announcements required under Regulation 30 of SEBI Listing Regulations are intimated immediately when reportable events occur
Regulatory Compliance Reference:
- Specifically references compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- References the company's policy for determination of materiality of event and information
Financial Results Clarification: Not applicable - the document does not discuss financial results clarification.
Conclusion: The company states there is currently no information/announcement that needs to be disclosed under Regulation 30 of the Listing Regulations.
Topic Tags: Regulatory Response, Stock Trading, Volume Increase, Compliance, SEBI Regulation 30