Description
Gujarat Mineral Development Corporation Limited clarifies that recent increase in trading volume is market-driven with no undisclosed material information.
Summary
Gujarah Mineral Development Corporation Limited (GMDC) responded to BSE’s inquiry regarding increased trading volume in its securities. The company clarified that all necessary disclosures have been made under SEBI regulations and there is no undisclosed information that could impact price or volume behavior.
Key Points
- Company has made all necessary disclosures under Regulation 30 and SEBI LODR 2015
- No pending announcements or events that may affect stock price/volume
- Increased trading volume appears to be purely market-driven
- Company is unaware of any specific reasons contributing to the volume increase
- Response dated August 5, 2025, signed by Company Secretary Joel Evans
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
No new compliance requirements. Company confirms existing compliance with SEBI disclosure regulations.
Important Dates
- August 5, 2025: Date of clarification letter to BSE
- BSE inquiry reference: L/SURV/ONL/PV/AA/2025-2026/329
Impact Assessment
Minimal market impact as this is a standard clarification confirming no material undisclosed information. The response should provide transparency to investors regarding the recent trading activity in GMDC shares.
Impact Justification
Standard clarification response to exchange query with no material information or regulatory changes