Regulation 30 of SEBI (LODR) Regulations, 2015- Clarification
RELIGARE · price
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Religare Enterprises responded to a query from BSE asking why there was an unusual spike in trading volume of its shares. The Company Secretary confirmed that there is no pending price-sensitive information, event, or announcement from the company that could explain the volume increase. The company stated that the movement in volume and price is purely market-driven. It also reaffirmed that it has been making timely disclosures under SEBI Listing Regulations and remains fully compliant with its disclosure obligations.
For shareholders, this is a neutral clarification — the company is stating it has no hidden news behind the volume spike, so the trading activity appears to be market speculation or external factors rather than insider knowledge. Investors should watch for any future disclosures if the volume spike continues.