Reply to the clarification sought on movement in price of the shares of the Company. Regulation 30 of the SEBI (LODR) Regulations, 2015
Price
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Awaiting price reaction for this filing.
The company has replied to BSE's query about recent movement in its share price under SEBI's Listing Regulations. It stated the price movement is purely market driven and not due to any undisclosed information. The company noted that its shares had been under trading suspension for a long period, and the suspension was only recently revoked, which may explain the price activity. It reiterated its commitment to disclose all material information to the stock exchange as required.
This is a standard regulatory clarification, not an adverse action. Investors should note that the price movement is attributed to the resumption of trading after a long suspension rather than any company-specific event or negative news.