Phaarmasia clarifies price movement is market-driven

Phaarmasia Ltd received an email from the Exchange seeking clarification on significant price movement in its security. The company responded by stating its consistent compliance with SEBI (LODR) Regulations, 2015, including timely disclosure of all price-sensitive information. Phaarmasia confirmed that all relevant information is publicly available and there is no unpublished price-sensitive information or pending announcements that could impact the share price. The company attributes the price movement to purely market-driven factors and general market conditions, with no specific company-related event. It reiterated its commitment to transparency and prompt disclosure of material events.