Response of the Company to the clarification on spurt in volume, sought by BSE Ltd.
UNIVCABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE Limited had sought clarification from Universal Cables Ltd regarding an increase in trading volume of the company's scrip (Code: 504212) on both BSE and NSE. The company, through its CFO Gopal Agarwal, responded that there is no unpublished event, information, or announcement relating to the company's operations or performance that needs to be disclosed under SEBI (LODR) Regulations, 2015. The company further stated it cannot comment on the movement in share price since the shares are freely traded on the exchanges. This appears to be a routine regulatory compliance response to address exchange surveillance queries about unusual market activity.
The filing is essentially a 'no-comment' response indicating no undisclosed material development. While the BSE inquiry suggests unusual trading activity, the company's response should help calm speculation. The filing carries a neutral-to-mildly positive tone as it confirms no adverse undisclosed information exists.