Significant movement in price has been observed in Universal Cables Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Universal Cables Limited has submitted their response.

NSE wrote to Universal Cables seeking clarification on unusual trading volume and price movement in the scrip. The company responded stating there is no unpublished event, information, or announcement relating to operations or performance that requires disclosure under SEBI LODR Regulation 30. The company further stated it cannot comment on share price movement since the shares are freely traded on exchanges. This is a routine clarification filing in response to exchange surveillance. No material corporate development or price-sensitive information was disclosed.