Clarification regarding Price Movement sought from Company
Price
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Awaiting price reaction for this filing.
BSE had asked Addi Industries to explain a sharp movement in its share price on 26 May 2025. The company replied that the price change is purely market-driven and it has already shared all relevant information with the exchange. It reminded the exchange about its 20 May 2025 disclosure under Regulation 30, which stated that existing promoters had signed a share purchase agreement with an acquirer. A mandatory open offer by the acquirer under SEBI (SAST) Regulations 2011 was also publicly announced on 20 May 2025. The company confirmed there is no pending information that could explain further price movement.
This is a routine clarification telling investors that the recent price action is linked to the already disclosed promoter-level deal and open offer, not to any hidden news. The stock is likely to track around the open offer price until the acquisition process is completed.