Dear Sir, With reference to your email dated 30/04/2026 we are submitting clarification in the matter for your kind consideration. Nitin S.Shah Company Secretary & Compliance Officer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE sought clarification from Crestchem Ltd regarding unusual price movement in the company's stock (BSE Script: 526269). The company responded that there is no material information, impending announcement, or event that requires disclosure under SEBI Regulation 30 of the Listing Regulations. The company confirmed it has been making timely disclosures and will continue to do so. Notably, the company mentioned it has initiated primary steps to form a new subsidiary named 'OLEO BIOSCIENCES PRIVATE LIMITED' in Bangalore, Karnataka. Crestchem stated that the price movement is purely market-driven and neither the company nor any insiders (promoters, directors, KMPs) are connected to such movements. All PIT code requirements under SEBI regulations have been duly complied with.
The clarification is largely neutral for shareholders as the company denies any undisclosed material development. However, the mention of a new subsidiary formation (Oleo Bioscience Private Limited) could be viewed as a minor positive signal for future growth prospects, though formal disclosure under Regulation 30 is pending.