Escrow Payment Mechanism not applicable to the company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.0 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Saven Technologies has informed BSE that the SEBI requirement for submission of an Escrow Payment Mechanism under municipal debt securities regulations does not apply to it. The company has not issued any instruments or arrangements that fall under these rules, so no disclosure or submission is required.
Routine compliance clarification. No material impact on shareholders or stock price.