Essex Marine Limited Issues Clarification on Share Price Movement to BSE
Essex Marine Limited submitted a clarification to BSE Limited on February 18, 2026, regarding significant share price movement, stating it is unaware of specific reasons behind the fluctuations. The company attributed the movement to market-driven factors and confirmed consistent compliance with SEBI Listing Regulations, emphasizing its commitment to timely disclosure of material information.
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Essex Marine Limited has issued a formal clarification to BSE Limited regarding significant movement in its share price, stating that the company is unaware of specific reasons behind the price fluctuations. The clarification was submitted on February 18, 2026, in response to queries from the stock exchange.
Company's Position on Price Movement
In its communication to BSE, Essex Marine Limited emphasized that it has consistently disclosed all material information that could impact the company's operations and performance. The company confirmed its adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring all necessary disclosures are made within stipulated timeframes.
| Parameter: | Details |
|---|---|
| Exchange: | BSE Limited |
| Scrip Code: | 544475 |
| Regulation: | SEBI Regulation 30 |
| Date of Clarification: | February 18, 2026 |
| Signatory: | Debashish Sen, Managing Director |
Management Statement
The company's management, led by Managing Director Debashish Sen, clarified that they are not aware of any specific reasons for the significant share price movement. The management emphasized that the price movement appears to be purely market-driven and that the company's management is not connected with the share price fluctuations.
Regulatory Compliance Commitment
Essex Marine Limited reiterated its commitment to maintaining transparency and regulatory compliance. The company assured stakeholders that it will continue to adhere to all requirements under the Listing Regulations and other applicable laws. This includes timely disclosure of material information that could affect the company's operations or performance.
Key Highlights
The clarification document highlighted several important aspects:
- Consistent disclosure of material information affecting company operations
- Compliance with SEBI Listing Regulations within stipulated timeframes
- No management involvement in share price movements
- Commitment to continued regulatory adherence
The formal clarification was digitally signed by Managing Director Debashish Sen (DIN: 02591346) and submitted to BSE Limited for record purposes, demonstrating the company's commitment to transparent communication with regulatory authorities and stakeholders.
