Swadeshi Polytex clarifies no UPSI behind price movement

Swadeshi Polytex Ltd responded to the stock exchange regarding significant movement in its equity share price. The company affirmed its compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It clarified that there is no unpublished price-sensitive information, material event, or impending announcement that could influence the share price, other than the quarterly financial results already disclosed. The company stated that the share price movement is purely market-driven and beyond its control, and that it has been promptly disseminating all material information.