Significant increase in volume has been observed in ADF Foods Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ADF Foods Limited has submitted their response.
ADFFOODS · price
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NSE noticed unusually high trading volume in ADF Foods shares and wrote to the company seeking clarification. ADF Foods responded that it has been promptly disclosing all material information as required under SEBI listing rules and insider trading regulations. The company stated there is no undisclosed price-sensitive information and no pending corporate action or announcement. It assured the exchange it would continue to report any material events in a timely manner.
This is a routine volume surveillance clarification, not a regulatory penalty or investigation. The company has denied any hidden information, which should reassure investors that the unusual trading was not due to leaked corporate action. Short-term volatility may continue until the volume normalises, but no fundamental impact is expected.