Uttam Sugar Mills Limited has submitted a formal response to BSE Limited's surveillance department regarding recent price movement in the company's scrip. The response is dated August 24, 2026, and is signed by Rajesh Garg, Company Secretary & Compliance Officer.
The company was responding to a specific letter from BSE with reference number L/SURV/ONL/PV/SI/2026-2027/4169 dated August 21, 2026, which the company received and is regarding clarification on price movement.
In its response, the company explicitly states that it is not aware of any information or announcement (including any impending announcement) that may have a bearing on the price movement of the company's scrip. The company emphasizes that it has been making prompt disclosures of all events and information that have a bearing on its operations or performance, including all price-sensitive information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company further states that it has not withheld any material information that would have a bearing on the price movement of the scrip. The response attributes the movement in the company's share price to purely market-driven factors, demand-supply dynamics, and investor sentiment, over which the company states it has no control.
The document serves as a formal compliance response to exchange surveillance inquiries and reaffirms the company's adherence to disclosure regulations.