We hereby submit the clarification sought by the Exchange regarding the recent price movement of the Company''s scrip.
Price
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CG Vak Software & Exports Ltd has responded to a BSE query about a significant movement in its share price. The company confirmed it has consistently complied with SEBI's Listing Obligations and Disclosure Requirements. It stated there is no undisclosed information or pending announcement that could explain the price movement. The company attributed the price movement entirely to market conditions and prevailing market sentiment.
This is a routine clarification with no negative implications. The company is signalling there is no hidden news behind the price move, which may or may not reassure investors depending on their interpretation of the unusual trading activity.