VASA Denticity Responds to NSE's Query Regarding Share Price Movement

Team Finance Saathi

    04/Dec/2024

What's covered under the Article:

  1. VASA Denticity clarifies to NSE regarding recent share price movement.
  2. The company reassures compliance with SEBI listing regulations on disclosures.
  3. VASA Denticity commits to timely updates on price-sensitive information.

VASA Denticity Limited (formerly known as VASA Denticity Private Limited), a company known for its operations in the dental products and services industry, has provided a clarification to the National Stock Exchange of India (NSE) in response to a query regarding the recent movement in its share price. The clarification, submitted on December 3, 2024, highlights the company’s consistent efforts to comply with all SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In its response, VASA Denticity confirmed that it has regularly disclosed all material information impacting its operations and financial performance. The company emphasized its commitment to adhering to the principles of timely and accurate disclosures as required by Regulation 30 of the SEBI LODR Regulations. These disclosures include price-sensitive information that could influence the market behavior of the company’s shares.

Clarification on Share Price Movement: The NSE Surveillance Team had raised concerns about the recent price movement of VASA Denticity’s shares. In line with Regulation 30, the company clarified that it has not withheld any material information that could impact the price or volume behavior of its securities. The company reassured that it would continue to inform the stock exchanges of any significant developments or price-sensitive information in the future.

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The company has also committed to submitting timely updates to the exchange through the NEAPS platform, as per NSE’s request, to ensure that investors are kept informed and have access to all relevant details regarding its operations. This proactive approach is part of the company’s continuous efforts to maintain transparency and protect the interests of its shareholders.

Regulatory Compliance: VASA Denticity also reiterated its commitment to complying with all applicable SEBI regulations related to corporate disclosures. This includes providing information to the stock exchanges on any material events or impending announcements that could influence its share price. The company’s actions reflect its ongoing commitment to corporate governance and investor protection.

For investors and stakeholders looking for up-to-date information on the company’s performance and stock movements, VASA Denticity continues to ensure that all required disclosures are available promptly.

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