The Exchange has sought clarification from Sammaan Capital Limited with respect to recent news item captioned Sammaan Capital falls 5% from day's high as Delhi Police files fresh FIR in probe against ex-promoters.. The response from the Company is attached.
SAMMAANCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE has asked Sammaan Capital Limited to clarify a news report that linked a 5% intraday fall in the stock to Delhi Police filing a fresh FIR (First Information Report) against the company's former promoters in an ongoing probe. The company has submitted its response to the exchange, though the contents of that response are not detailed in this filing. The underlying legal action is directed at ex-promoters rather than the current company or its management.
The stock saw an intraday decline of around 5% on the news, indicating short-term investor anxiety. However, since the FIR is against ex-promoters (not the current entity), the long-term impact on the company may be limited, subject to what the company's clarification reveals.