Royal Sense Limited has responded to an inquiry from the BSE regarding its share price movement. The company stated that all price-sensitive information has been duly intimated to the exchange. They confirmed there is no undisclosed information or impending corporate action that could explain the recent price fluctuations. The movement is attributed purely to market conditions.
Response to BSE Inquiry
Royal Sense Limited has provided a clarification to the BSE Limited concerning recent movements in its share price. The company acknowledged an email received from the exchange seeking explanations for the price fluctuations observed in its securities.
Confirmation of Disclosures
In its response, Royal Sense Limited affirmed that it has consistently intimated all material events and information that could impact its operations and performance to the stock exchange, as mandated by SEBI regulations. This includes all price-sensitive information.
No Undisclosed Information
The company explicitly stated that there is currently no undisclosed price-sensitive information or any impending announcement or corporate action that needs to be informed to the Stock Exchange at this point. Therefore, the observed movement in the company’s share price is considered purely a result of market conditions and is market-driven. Management asserted they have no control over, nor knowledge of the specific reasons for, these market-driven price changes.
Source: BSE
