Reply to Clarification on Price Movement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE Surveillance contacted Hemang Resources Ltd on April 8, 2026, asking for clarification on unusual movement in the company's share price. The company responded on April 9, 2026, stating that they have been regularly disclosing all material events and price-sensitive information as required under SEBI LODR Regulations. The company attributed the share price movement to general market conditions and stated they have neither control nor knowledge of the specific reasons for the price change. The company reiterated its commitment to compliance with Regulation 30 of SEBI LODR Regulations and will continue informing the exchange of any material developments.
This is a routine clarification response to BSE surveillance, not an adverse finding. The company denies any undisclosed material information, which may provide some reassurance to investors, though the BSE inquiry itself suggests the price movement was significant enough to warrant scrutiny.