Chandrima Mercantiles Strongly Refutes Unauthorized Social Media Claims
Chandrima Mercantiles Limited has issued a strong denial of unauthorized promotional content circulating on social media. The company refuted claims about a Chandrima.io website, user numbers, revenue figures, tech partnerships, and AI technology development. They emphasized that all material information is disseminated only through official stock exchange filings. The company reserves the right to take legal action against those misusing its identity or spreading false information. Investors are urged to rely solely on official exchange filings and audited disclosures for accurate information.
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Chandrima Mercantiles Limited has issued a strong clarification denying any association with unauthorized promotional content circulating on social media platforms. The company has categorically refuted several claims made about its alleged activities and technologies.
Key Denials
The company has explicitly denied the following claims:
| Claim | Company's Response |
|---|---|
| Launch of Chandrima.io website | No such website developed or launched |
| 112.5k active users and $124M revenue | False and misleading |
| Partnerships with major tech companies | No such partnerships exist |
| SEBI registered analyst giving Rs. 100 target price | Not associated with any such research report |
| Development of Chandrima AI for video creation | No such technology developed or endorsed |
| AI systems for visual, background, and voiceover production | No involvement in any such systems |
Official Statement
In its official communication to the BSE, Chandrima Mercantiles emphasized its commitment to market integrity and regulatory compliance. The company stated that it follows a strict policy of disseminating all material information solely through official filings with the stock exchanges, in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Legal Stance
Chandrima Mercantiles has reserved the right to initiate legal proceedings against individuals or entities misusing the company's identity or disseminating false information. The company views such unauthorized use of its name and data as not only misleading to investors but also detrimental to the integrity of the market.
Investor Advisory
The company has urged all investors and market participants to rely only on official exchange filings and audited disclosures. Any communication not issued through the company's investor desk or regulatory channel should be treated as unauthorized and potentially misleading.
Chandrima Mercantiles remains vigilant about protecting its shareholders' interests and maintaining transparency in its communications. The company has stated its commitment to taking all necessary steps, including legal action if required, to prevent the recurrence of such incidents.
Investors are advised to exercise caution and verify information through official channels before making any investment decisions based on social media claims or unauthorized promotional content.
Historical Stock Returns for Chandrima Mercantiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.92% | +8.04% | +61.64% | +256.38% | +157.77% | +972.73% |
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