InfoBeans Techno. Ltd. has informed the Exchange about Rumour Verification - Regulation 30(11)
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InfoBeans Technologies has issued a formal clarification in response to two news items published on the 'Whalesbook' platform. The company has denied the report that it sold two subsidiaries and named a new whole-time director, calling the information 'factually incorrect and misleading.' It has also denied any 'trading halt' for April 1, clarifying that it follows the standard trading window closure process under SEBI's Insider Trading Regulations, which is routine and different from a halt. The company confirmed that all material disclosures under Regulation 30 of SEBI LODR have been made to the stock exchanges in a timely manner. It characterised the news items as speculative and not based on any verified information from the company.
For shareholders, this clarification aims to prevent the spread of misinformation that could have triggered unnecessary volatility. The company has firmly denied both claims, which should reassure investors that no undisclosed subsidiary sale or unusual trading halt has occurred.