Mac Hotels Limited has responded to a clarification request from BSE regarding recent movements in its share price. The company confirmed it is compliant with all regulations and has been regularly providing necessary information to the exchange. Mac Hotels stated that there are no pending announcements or price-sensitive information that could explain the share price behaviour, concluding that the movement is purely market-driven.
Company Reaffirms Regulatory Compliance
Mac Hotels Limited has issued a clarification statement in response to an inquiry from the Department of Corporate Services, BSE Limited, concerning the recent movement in the company’s share price. The company assured that it is fully compliant with all applicable regulations, including Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mac Hotels emphasized its consistent practice of providing timely updates on events and information that could impact its operational performance and sensitive price information to the Exchange.
No Pending Price-Sensitive Information
Further to the above, Mac Hotels Limited explicitly confirmed that there are no outstanding announcements, events, or information that is price-sensitive in nature. The company stated that such pending disclosures might have contributed to the observed significant movement in the price behaviour of its shares. The statement concluded by asserting that the observed movement in the price of the company’s shares is purely market-driven.
The company requested that this clarification be taken on record.
Source: BSE
