Seshachal Technologies Limited Responds to BSE Inquiry on Share Price Movement
Seshachal Technologies Limited has responded to BSE's inquiry about its share price movement, confirming compliance with SEBI disclosure regulations. The company attributed the price changes to market conditions and investor perception, stating these factors are beyond its control. Managing Director Prabhaker Reddy Aedla reaffirmed the company's commitment to ongoing regulatory compliance and transparent disclosure of material information.
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Seshachal Technologies Limited has formally responded to a BSE inquiry regarding recent movements in its equity share prices, confirming regulatory compliance and attributing the changes to market dynamics. The company submitted its clarification on January 1, 2025, in response to BSE's surveillance department letter dated December 15, 2025.
Regulatory Compliance Confirmation
The company has affirmed its adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30. Seshachal Technologies stated that it has been promptly disclosing all material events, information, and price-sensitive information to the stock exchange as required under applicable regulations.
Managing Director Prabhaker Reddy Aedla, who signed the clarification letter, emphasized the company's commitment to maintaining transparency with regulatory authorities and investors.
Market-Driven Price Movement
Regarding the equity share price fluctuations that prompted BSE's inquiry, the company provided the following explanation:
| Factor | Company's Position |
|---|---|
| Price Movement Nature | Purely market-driven |
| Contributing Factors | Market conditions and investor perception |
| Company Control | Beyond company's control |
| Disclosure Status | All material information disclosed |
The company clarified that the observed price movements appear to be influenced by broader market conditions and investor sentiment rather than any undisclosed material developments or company-specific factors.
Ongoing Compliance Commitment
Seshachal Technologies has reaffirmed its commitment to regulatory compliance going forward. The company stated it will continue to comply with all applicable disclosure requirements and will promptly inform the exchange of any material events or information as and when required under the regulations.
The clarification letter, bearing CIN L72200TG1994PLC154733, was submitted from the company's registered and corporate office located at Plot No 57, Text Book Colony, Secunderabad, Telangana. This response demonstrates the company's proactive approach to addressing regulatory inquiries and maintaining transparent communication with stock exchange authorities.
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