Varvee Global Ltd Addresses Share Price Movement Following Exchange Queries
Varvee Global Ltd clarified its position regarding recent fluctuations in its share price following requests for information from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).The company stated that it has already intimated to the exchanges all necessary events and information, including all price sensitive information, as mandated under the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Varvee Global Ltd asserted that it has not withheld any information or impending announcement that it believes would impact the price or volume behavior of its scrip.
In its statement, the company noted that any movement in its share price is purely market driven, being influenced by general market conditions over which the company has neither control nor specific knowledge of the reasons. Varvee Global Ltd emphasized its ongoing commitment to governance and disclosures, confirming that it continues to discharge its obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, adhering to high standards of disclosure.
The exchanges had previously noted significant price movements for the security and requested the company to provide any information or announcement, including impending ones, that the company felt could bear on the price or volume behavior.
For reference, the company name, Varvee Global Ltd, was formerly known as Aarvee Denims & Exports Ltd. The stock is listed under the script code 514274 on the BSE and VGL on the NSE.
VGL Stock Price Movement
On Wednesday, VARVEE GLOBAL LIMITED shares edged higher, closing at ₹66.49 after gaining 6.78%. The equity finished with substantial investor participation, trading on a volume of 859,269 shares.Source:
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