Clarification on Price Movement of share

BSE had asked K&R Rail Engineering to explain a recent significant movement in its share price. The company replied that all material information that could affect its operations or stock price has already been disclosed to the exchange on time under SEBI's Listing Regulations. As far as the company knows, no undisclosed price-sensitive information exists. The company stated that the price movement is entirely market-driven and not due to any company-specific event. Promoters and key managerial personnel have not bought or sold any shares of the company recently. The company reaffirmed it will continue to inform exchanges of any price-sensitive information as required.