Reply to clarification sought on price movement as per attached letter
SHREERAMA · price
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Awaiting price reaction for this filing.
Shree Rama Multi-Tech Ltd responded to a BSE query seeking clarification on recent unusual price movement in its shares. The company stated that the price movement is purely market-driven and it has no knowledge of anyone being involved in causing such movement. It also reaffirmed that it has been regularly disclosing all price-sensitive information to stock exchanges as required under SEBI LODR regulations. The company promised to continue timely disclosures of any material events in the future.
This is a routine regulatory exchange with no adverse findings or penalties. Investors should note that the stock showed unusual price activity that triggered the exchange's surveillance query, but the company denies any insider involvement or undisclosed information. No immediate impact on share price is expected from this clarification.