Company's Response Content
The company stated that it has been adhering to its Corporate Governance Code and practices for intimating stock exchanges and disseminating information, including price-sensitive information or information relating to business operations.
All announcements required under Regulation 30 of SEBI Listing Regulations are immediately intimated to exchanges pursuant to decisions taken by the Board of Directors and when any reportable event occurs.
Price Movement Explanation
The company attributed the significant movement in equity share prices during the recent past to:
- Market forces
- Combination of various factors including market conditions
Material Information Status
The company explicitly confirmed that at present, there is no information/announcement that needs to be disclosed under Regulation 30 of the Listing Regulations, read with the company's policy for determination of materiality of events and information.