Significant movement in price has been observed in Modi Rubber 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. Modi Rubber Limited has submitted their response.
MODIRUBBER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE noticed unusual movement in Modi Rubber's share price and wrote to the company seeking clarification under its surveillance process. In its reply, the company stated there are no undisclosed events or price-sensitive information that need to be shared with the exchange under SEBI's Listing Regulations. The company also confirmed that no promoters, directors, or key managerial personnel bought or sold shares of the company around the time of the price movement. The response was filed by the Head of Legal & Company Secretary on April 25, 2025.
This is essentially a 'no news' clarification — investors should note that the company is not pointing to any specific trigger for the price movement. The stock may remain volatile until the market finds its own reason or until any undisclosed information eventually surfaces.