Attached herewith the clarification regarding the price movement mail dated from exchange on 22-04-2026 bearing reference No. L/SURV/ONL/PV/SJ/ 2026-2027 / 3796
THAKDEV · price
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Thakkers Developers Ltd (Scrip Code: 525554) has responded to a BSE notice regarding significant movement in its share price. The company states it is in full compliance with SEBI (LODR) Regulations, 2015 and has been promptly disclosing all material events to the stock exchange. Management has confirmed it is unaware of any specific reason or information behind the price movement, attributing it purely to prevailing market conditions. The letter, signed by Chairman Jitendra Manohardas Thakker, reiterates the company's commitment to Regulation 30 disclosure requirements.
The company denies any insider or undisclosed-material-event cause for the price volatility. The price movement appears to be market-driven with no operational or corporate event to explain it, which may offer limited comfort to investors seeking a fundamental reason for the move.