Significant movement in price has been observed in Kirloskar Brothers Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Kirloskar Brothers Limited has submitted their response.
KIRLOSBROS · price
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Awaiting price reaction for this filing.
The NSE's Surveillance Department wrote to Kirloskar Brothers Limited seeking an explanation for a significant rise in the company's share price across stock exchanges. In response, the company stated that it has been regularly disclosing all price-sensitive information to the exchanges as required under SEBI's Listing Regulations. The company further confirmed that there is no undisclosed information or event in the recent past that could explain the price movement. Going forward, the company will continue to make timely disclosures as required.
This is a routine exchange query following an unusual price move. The company's response is a standard denial of any undisclosed information, which may help calm investor concerns. However, the lack of a clear reason for the price surge could leave some uncertainty in the short term.