Reply to exchange query on volume rise: no undisclosed material event, company says
The company has told BSE and NSE that it is not aware of any material event, information or development — including any impending announcement.
By ScoutQuest · · 1 min read
What the company was asked
NSE's surveillance department wrote to the company on 12 October 2026, seeking a clarification on the significant increase in the trading volume of the company's securities. The company's letter, dated 13 October 2026, is its reply to that query and is addressed to both BSE and NSE.
What the company said
- Based on the information presently available with it and its internal review, the company confirmed it is not aware of any material event, information or development, including any impending announcement, that has not already been disclosed to the stock exchanges and that, in its view, would explain the recent increase in the trading volume of its securities.
- It said the observed increase in trading volume appears to be market-driven.
- It said it is not aware of any undisclosed material information or development that would warrant a further disclosure as on the date of the letter.
- The company said it has been making timely disclosures of all material events and information under Regulation 30 and other applicable provisions of the SEBI LODR Regulations, and will continue to make disclosures of material events and information as and when required under applicable law.
How to read this
This is a response to an exchange surveillance query rather than a business update. The substance of the letter is the company's statement that it knows of nothing undisclosed that would explain the volume movement, and that the movement looks market-driven to it.
The letter is signed by Kamleshkumar B. Patel, Chairman and Managing Director. Investors should read the company's own words as its position as on the date of the letter.
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