The Exchange has sought clarification from Physicswallah Limited with respect to recent news item captioned PhysicsWallah set to acquire stake in test-prep platform Rojgar With Ankit. The response from the Company is attached.
PWL · price
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Physicswallah Limited has responded to an NSE/BSE query regarding a news article about the company acquiring a stake in test-prep platform Rojgar With Ankit. The company confirms it continuously evaluates strategic opportunities and remains in discussions with relevant parties. However, it clarifies that as of now, there are no material events or information requiring disclosure under SEBI Listing Regulations. The company states it is fully compliant with disclosure obligations and will inform exchanges of any material developments. It also notes that an 'Update on Receipt of Order' was already disseminated the previous day. The company attributes any share price movement to market forces rather than company-specific news.
For shareholders: This is a standard clarification filing that neither confirms nor denies the acquisition news. The company is legally stating no material disclosure is required, which typically means either no deal is finalized or details are too preliminary. Investors should wait for official announcements before reacting to media reports.