Caspian Corporate Services Attributes Share Price Movement to Market Conditions
Caspian Corporate Services Limited clarified to BSE that recent share price movements are market-driven and speculative, with no undisclosed material information. The company confirmed full compliance with SEBI disclosure regulations and emphasized its commitment to transparency in future communications.
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Caspian Corporate Services Limited has issued a clarification to BSE regarding the recent significant movement in its share price, attributing the fluctuations to market conditions and speculative trading activities.
Regulatory Response to BSE Inquiry
The company responded to BSE's inquiry dated January 30, 2026, which sought clarification on the significant price movement of the company's securities. In its response dated February 02, 2026, the management provided a comprehensive explanation of the circumstances surrounding the price volatility.
| Parameter: | Details |
|---|---|
| BSE Reference No: | L/SURV/ONL/PV/AJ/2025-2026/3313 |
| BSE Scrip Code: | 534732 |
| Response Date: | February 02, 2026 |
| Signatory: | Sukumar Reddy Garlapati, Managing Director |
Compliance and Disclosure Status
Caspian Corporate Services emphasized its adherence to regulatory requirements, stating that all material information with potential bearing on company operations and performance has been disclosed. The company confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key compliance highlights include:
- Regular and timely disclosure of material information to stock exchanges
- Adherence to corporate governance principles outlined in Regulation 4
- Proper dissemination of information through BSE's public website
- Conformity with SEBI circulars and regulatory guidelines
Management's Position on Price Movement
The management clarified that the share price movement is entirely market-driven and beyond their control. They characterized the price fluctuations as speculative in nature, resulting from prevailing market conditions rather than any undisclosed material developments.
Ongoing Commitment to Transparency
Caspian Corporate Services reiterated its commitment to maintaining transparency and regulatory compliance. The company assured stakeholders of its continued adherence to disclosure requirements under SEBI regulations, promising to inform stock exchanges about any price-sensitive information as mandated by regulatory frameworks.
The clarification was signed by Managing Director Sukumar Reddy Garlapati (DIN: 00966068) and submitted to BSE's Department of Corporate Services for record-keeping purposes.
