Garg Furnace Limited has responded to an inquiry from BSE Limited regarding its recent share price movement. The company stated that it has made all necessary disclosures in a timely and accurate manner, in compliance with SEBI regulations. Garg Furnace confirmed that no material information or event impacting its securities’ price behaviour has been withheld and advised that the share price movement is purely market-driven and influenced by general market conditions and investor perception.
Garg Furnace Addresses BSE Inquiry on Share Price Movement
Garg Furnace Limited has officially communicated with the Listing Department of BSE Limited, providing a clarification on the recent movement observed in its equity share price. This response was prompted by an email/letter from BSE dated August 28, 2026, seeking an explanation for the observed price fluctuations.
Company’s Commitment to Disclosures
In its communication, Garg Furnace Limited affirmed its adherence to regulatory requirements. The company stated that it has consistently made all necessary disclosures in a timely and accurate manner, in full compliance with the principles governing disclosures and obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Furthermore, Garg Furnace confirmed that it has not withheld any material information or event that could have a bearing on the price behaviour of its securities. The company also reiterated its commitment to continue making timely disclosures of any price-sensitive information to the stock exchange as and when required by applicable regulations.
Market-Driven Price Dynamics
Garg Furnace Limited attributes the recent movement in its share price to factors external to the company’s specific operations or undisclosed events. The company explained that the share price behaviour is purely market-driven and is attributable to general market conditions and the prevailing investor perception. This clarification aims to assure the exchange and investors that there are no underlying internal developments that have not been publicly disclosed, which might explain the price changes.
The company requested that this clarification be taken on record by the exchange. The letter was signed by Devinder Garg, Managing Director of Garg Furnace Limited.
Source: BSE
