We hereby submit our clarification to the mail received vide Letter No. L/SURV/ONL/PV/AJ/2025-2026/116 regarding Volume Movement.
MVGJL · price
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Manoj Vaibhav Gems N Jewellers has responded to a BSE surveillance query (Letter No. L/SURV/ONL/PV/AJ/2025-2026/116 dated June 5, 2025) flagging unusual volume movement in the company's shares (Scrip Code: 543995). The company stated that all material information has already been disclosed to stock exchanges as required under Regulation 30 of SEBI's Listing Regulations. Management said they are unaware of the reasons behind the volume movement, attributing it to market-driven factors beyond the company's control. The company denied any connection between management and the unusual trading activity and reaffirmed its commitment to corporate governance practices.
This is a routine BSE surveillance clarification, not a regulatory action or penalty. Short-term stock price may see some volatility as the unusual volume had drawn exchange attention, but the company's response suggests no fundamental trigger behind the trading surge. Investors should monitor for any further exchange queries or actual material disclosures.