Please find enclosed disclosure for clarification on increase in Volume of Security in the past.
Awaiting price reaction for this filing.
Newgen Software Technologies issued a clarification on 21 May 2025 after noticing a sharp rise in trading volume and price of its shares on 20 May 2025. The company stated that all material and price-sensitive information has already been disclosed to the stock exchanges on time as required by SEBI regulations. It attributed the unusual trading activity to external factors like market sentiment, investor behaviour, global economic conditions, and sectoral trends, rather than any company-specific news. The filing also pointed out that some media reports had inaccurately quoted the order value mentioned in its 12 May 2025 exchange announcement, and urged investors to rely only on official stock exchange filings.
This is a routine regulatory clarification with no new business information, so it is unlikely to change the stock's direction. Investors should verify the actual order value from the original 12 May 2025 exchange filing rather than relying on media reports.