Manoj Vaibhav Gems N Jewellers Limited (MVGJL) has responded to an inquiry from the National Stock Exchange of India (NSE) regarding a recent increase in the trading volume of its shares.
The company stated that it consistently discloses all material information affecting its operations and performance to the stock exchanges, as required by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
MVGJL clarified that it is unaware of the specific reasons for the increased trading volume.
The company believes the movement in volume/price is market-driven and influenced by various factors, including overall market conditions, over which the company has no control or specific knowledge.
The management of MVGJL asserts that it is not connected to the movement in the price or volume of the company's shares.
MVGJL reaffirms its commitment to adhering to corporate governance practices.