Company Response to Price Movement Query
The company states that the share price movement is "purely attributable to prevailing market conditions and market forces." Management and promoters explicitly state they have "neither have any control over nor any knowledge of the reasons for such significant movement in the share price."
Regulatory Compliance Statement
The company confirms it has been "regularly intimating the Stock Exchange of all material events and information having a bearing on the operations and performance of the Company, including all price-sensitive information" in accordance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Future Commitment
The company reaffirms its commitment to "complying with all applicable provisions" of SEBI LODR Regulations and promises to "continue to make all requisite disclosures to the Stock Exchange in a timely manner whenever any material event or information requiring disclosure occurs."