The Exchange has sought clarification from Kalyan Jewellers India Limited with respect to recent news item captioned Kalyan Jewellers flags alleged market manipulation to SEBI, seeks suspension from F&O segment. The response from the Company is attached.
KALYANKJIL · price
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Awaiting price reaction for this filing.
NSE has asked Kalyan Jewellers India Limited to clarify a recent news report that the company has flagged alleged market manipulation to market regulator SEBI and has sought suspension of its stock from the Futures & Options (F&O) segment. The company has submitted its response to the exchange, which is attached to the filing. The original news item suggests the company itself raised concerns about suspicious trading activity in its shares and voluntarily requested removal from F&O trading. The exact contents of the company's response are not reproduced in the headline, but the exchange is now in possession of the company's explanation.
This is a serious governance and regulatory matter — the company alleging market manipulation and seeking F&O suspension can heighten short-term volatility, draw SEBI scrutiny, and affect trader participation in the stock. Shareholders should watch for the company's detailed response and any follow-up from SEBI for clarity on next steps.