Mangalore Refinery and Petrochemicals Limited (MRPL) has responded to a query from the BSE Surveillance team regarding a recent significant increase in its share trading volume. The company has clarified that there is no unpublished price-sensitive information or event that necessitated disclosure. MRPL stated that any movement in its share volume is driven by market forces.
MRPL Responds to Volume Surge Inquiry
Mangalore Refinery and Petrochemicals Limited (MRPL) has officially addressed inquiries concerning a notable surge in its share trading volume. Following a communication from the BSE Surveillance team, the company was asked to provide clarification on this market activity. MRPL has confirmed that it has no material non-public information or any specific event that warrants immediate disclosure to the exchanges.
Market-Driven Share Movement
In its response, MRPL stated, “In this regard, we hereby clarify that there is no unpublished price sensitive information/event that has become due for disclosure to the stock exchanges in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.” The company further emphasized that any fluctuations or movements observed in the volume of its shares are purely market-driven, indicating that trading activity is a result of supply and demand dynamics rather than specific corporate news.
Source: BSE
