Raja Bahadur updates on false info dispute with ScanX platform
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By the next day the stock moved 2.1 pts more than Nifty Microcap 250 and 0.8 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Raja Bahadur International is continuing its fight against false information posted about it on the ScanX platform run by Raise Securities. After a Sept 9 notice demanding removal, Raise Securities first confirmed on Sept 10 that the article was reviewed and removed, but later on Sept 15 took the opposite stand, saying the article was not available. The company has now sent a Rejoinder Notice on Sept 28 seeking an explanation of this inconsistency and has reserved all its legal rights. The company clarifies there is no impact on its financial position, operations, or cash flows.
No financial impact stated. Company is actively defending its reputation against misleading third-party publication; legal remedies reserved.