Gujarat Mineral Development Corporation Responds to Trading Volume Increase
Gujarat Mineral Development Corporation Ltd. (GMDC) addressed inquiries regarding a recent increase in trading volume for its security on stock exchanges. The announcement, made on March 23, 2026, responds to a letter from the Bombay Stock Exchange (BSE) seeking clarification.GMDC stated that the company has fulfilled all necessary disclosure requirements as outlined in Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed no impending announcements or information exists that would influence the scrip’s price or trading volume.
According to GMDC, the rise in trading volume appears to be a result of market activity, and the company is unaware of any factors contributing to the movement. The BSE was requested to acknowledge the clarification.
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