Rathi Steel & Power Confirms Compliance with SEBI Regulations, No Undisclosed Price Sensitive Information

Rathi Steel & Power Ltd. has issued a clarification regarding the significant movement in its security price. The company confirmed its compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and stated that it has been promptly informing the Stock Exchanges of all events and information that have a bearing on its operations or performance. The company also confirmed that it is not aware of any undisclosed price sensitive information or any impending specific event or information which is required to be disclosed to the Stock Exchanges under Regulation 30 of the Listing Regulations. The movement in the company’s share price appears to be purely market-driven and the company has no control over, nor knowledge of, the underlying reasons for such movement. The company assured that it will continue to comply with the requirements of the Listing Regulations and promptly disclose all material events, information, or actions to the Stock Exchanges, as applicable.