Chembond Material Technologies Limited (formerly Chembond Chemicals Limited) has responded to an inquiry from BSE Limited and the National Stock Exchange of India Limited regarding a significant movement in the company's stock price. The company clarified that the price fluctuation is purely market-driven and attributed to prevailing market conditions. The management stated that they neither control nor possess knowledge of the specific reasons behind the substantial price movement of the company's scrip. Chembond Material Technologies Limited reaffirmed its commitment to making all relevant disclosures in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and its agreements with the stock exchanges. The company has requested that this clarification be taken on record by both stock exchanges.
