Description
GMDC clarifies that recent increase in trading volume is market-driven with no undisclosed information affecting price behavior.
Summary
Gujarat Mineral Development Corporation Limited (GMDC) has provided clarification to BSE regarding the recent increase in trading volume of its securities. The company confirms that all necessary regulatory disclosures have been made and that the volume increase appears to be purely market-driven.
Key Points
- Company has made all necessary disclosures under SEBI LODR Regulations 2015
- No undisclosed information or impending announcements that could affect price/volume behavior
- Trading volume increase appears to be purely market-driven
- Company is not aware of any specific reasons contributing to the volume movement
- Response to BSE surveillance query dated August 5, 2025
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
Company confirms compliance with:
- Regulation 30 of SEBI LODR Regulations 2015
- Other applicable provisions of SEBI LODR Regulations 2015
Important Dates
- August 5, 2025: Date of BSE surveillance query
- August 5, 2025: Date of company’s clarification response
Impact Assessment
Minimal market impact as this is a routine clarification confirming no material undisclosed information. The response provides transparency regarding recent trading activity but does not reveal any fundamental changes to the company’s business or operations.
Impact Justification
Routine clarification with no material impact or new information disclosed