Jindal Worldwide Limited has responded to a query regarding a notable increase in trading volume. The company clarified that all material and price-sensitive information has been consistently disclosed in a timely manner. It further stated that there are no pending announcements or internal reasons that could impact the security’s price movement, attributing the surge solely to prevailing market conditions.
Jindal Worldwide Clarifies Trading Volume Increase
Jindal Worldwide Limited has issued a clarification concerning a significant increase in its trading volume on the stock exchange. In response to an inquiry, the company confirmed its adherence to disclosure norms, stating that all material events and price-sensitive information, as mandated by SEBI (LODR) Regulations, 2015, have been duly disclosed within the stipulated timelines.
No Undisclosed Material Information
The company explicitly stated that there is no pending information or announcement that requires disclosure under the SEBI (LODR) Regulations, 2015, which could potentially influence the security’s price movement. Furthermore, Jindal Worldwide confirmed that neither any event nor any internal information exists within the management or Key Managerial Personnel (KMP) that has a bearing on the company’s operations or performance.
Market-Driven Volume Surge
Jindal Worldwide attributes the notable increase in trading volume in the Exchange entirely to market-driven factors. The company asserted that the surge is a direct consequence of prevailing market conditions, indicating no underlying specific corporate development causing the enhanced trading activity.
Source: BSE
