Aeron Composite Clarifies on Share Price Movement, Cites Market-Driven Factors

Team Finance Saathi

18/Dec/2024

What's covered under the Article:

Aeron Composite clarifies that it is unaware of the reason behind significant stock price movement, citing market-driven factors.
The company emphasizes its commitment to timely disclosures in compliance with SEBI regulations.
Aeron Composite reaffirms its adherence to compliance standards and other applicable laws.

On December 18, 2024, Aeron Composite Limited issued a clarification regarding the recent significant movement in its share price. The company responded to an inquiry from the National Stock Exchange (NSE), explaining that it has always complied with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All necessary disclosures, including those impacting the company’s operations and performance, have been made to the exchange in accordance with the prescribed timelines.

Aeron Composite made it clear that the company management is not aware of any specific reason behind the recent fluctuation in its share price. The price movement is attributed solely to market-driven factors, and the company stressed that it is not connected to any actions or events within the organization.

The company reiterated its commitment to continuing its adherence to the SEBI Listing Regulations and other applicable laws, ensuring that all required disclosures will continue to be made in a timely and transparent manner. Aeron Composite assured the NSE and investors that it operates in full compliance with regulations governing the stock market.

This clarification comes in light of the recent significant price movement in Aeron Composite's stock, and the company remains committed to maintaining transparency and compliance with all relevant regulations.

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Aeron Composite Clarifies on Share Price Movement, Cites Market-Driven Factors

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