Hindustan Composites clarifies scrip price movement is market-driven

Hindustan Composites Ltd responded to a query from the exchange regarding significant price movement in its scrip. The company stated that the price movement is purely due to market conditions and is entirely market-driven. Management clarified that they have no control over or knowledge of the reasons behind the significant price fluctuations. The company reiterated its commitment to comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and assured that all relevant disclosures would be made within the prescribed timelines as and when any such event occurs.