Please find enclosed herewith clarification Letter on price movement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE Limited requested clarification from the company regarding unusual price movement in its securities. The company has responded denying any withholding of material information and stating that all price-sensitive disclosures have been made in compliance with SEBI Listing Regulations. The company attributes the price movement to market forces and denies any management involvement in the fluctuations. This appears to be a routine regulatory query and response rather than an admission of any wrongdoing.
The clarification is neutral for shareholders. The company has responded routinely to BSE's query about price volatility, denying any undisclosed material events that could explain the movement.