With reference to mail dated 18 December 2023 from BSE for seeking clarification on increase in the volume of shares traded on the stock exchanges, MM Forgings has confirmed that there is no announcement or price sensitive information, that is pending to be intimated or to be furnished by the company to the stock exchanges concerning the operations and performance of the company. Further, the Company has been regularly sharing all information / announcements that have a bearing on the price / volume behaviour in the scrip with the Stock Exchange. They have been strictly following all the listing norms for disclosure, insider trading etc., with the stock exchanges on a regular basis and there is no pending compliance on part. As per Company’s observation, the increase in Volume of the Company’s shares in the recent past across the exchanges, is purely due to market conditions and absolutely market driven and the Company has no control over the same.
The above information is a part of company’s filings submitted to BSE.
