Paushak Ltd Responds to Exchange Queries on Price Volatility, Asserts No Undisclosed Information Behind Market-Driven Movement
Paushak Ltd has issued a clarification in response to emails from BSE and NSE regarding significant price and volume movements in its shares. The company stated that it is in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and ensures all necessary information and announcements are filed with the stock exchanges before being shared with any other party. Paushak Ltd further informed that, to the best of its knowledge, there are no other events, information, or impending announcements that could be influencing the price or volume behavior of its scrip. The company attributes the significant movement in its security's price solely to market-driven factors, reaffirming its commitment to high standards of governance and disclosures.
Key Highlights
- Paushak Ltd received queries from both BSE and NSE regarding unusual price and volume movements in its shares.
- The company affirmed its strict compliance with SEBI listing regulations, ensuring all material information is disclosed promptly to stock exchanges.
- Paushak Ltd stated that it is unaware of any undisclosed events or impending announcements that could explain the recent stock price and volume behavior.
- The company attributed the significant price movement in its shares to purely market-driven forces.
- Paushak Ltd reiterated its adherence to the highest standards of corporate governance and disclosures.
Price Impact