Company Response to NSE Price Movement Query
Tribhovandas Bhimji Zaveri Limited (TBZ) has formally responded to a query from the National Stock Exchange of India Limited (NSE) regarding significant movement in the company's stock price.
Date and Nature of Query
- Date of NSE Communication: 07th July, 2026
- NSE Letter Reference: NSE/CM/Surveillance/17232
- Nature of Query: The NSE sought clarification regarding the significant movement of price of securities of the Company and disclosure of any information required under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Company's Clarification on Trading Volume and Price Movement
- The company stated that it has been following its Corporate Governance Code and practices for intimating stock exchanges and disseminating information, including price-sensitive information.
- TBZ attributed the significant price movement of its equity shares to "purely market forces or may be combination of various factors including market conditions."
- The company confirmed that at present there is no information/announcement which needs to be disclosed under Regulation 30 of the Listing Regulations.
Regulatory Compliance Reference
- The response specifically references compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").
- The company stated that all information/announcements required under Regulation 30 are intimated immediately pursuant to decisions taken by the Board of Directors and when any reportable event takes place.
- TBZ referenced its internal policy for determination of materiality of event and information.
Financial Results Clarification
The document does not contain any discussion or clarification regarding financial results.