Reply on clarification on increase in volume
KITEX · price
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Awaiting price reaction for this filing.
Kitex Garments responded to a BSE Surveillance query about a recent spike in share trading volume. The company attributed the unusual volume to two macro factors: US tariff hikes hurting export-oriented firms like itself, and optimism ahead of the US-Russia summit on August 15, 2025, which traders view as potentially positive for export companies. Kitex stated it is not aware of any other undisclosed information driving the volume. It reaffirmed its commitment to timely disclosure of any price-sensitive information under Listing Regulations.
This is a routine regulatory clarification, not a negative event. The response clarifies that the volume move was driven by global trade news rather than company-specific developments, which should reassure investors that no hidden information is behind the trading activity.