Telecanor Global Attributes Share Price Fluctuations to Market Forces

TeleCanor Global Limited, a company listed on the Bombay Stock Exchange (BSE), has responded to queries regarding recent movements in its share price. The company has clarified that the fluctuations are purely market-driven, with no direct or indirect involvement from the management.

Company's Response to BSE Query

In a formal communication to the BSE, TeleCanor Global addressed concerns about significant price movements in its shares. The company stated:

All necessary disclosures have been made to BSE Ltd in compliance with regulatory requirements.
No undisclosed information or development could have led to the significant share price movement.
The company remains committed to complying with listing regulations and other statutory requirements.

Regulatory Compliance

TeleCanor Global emphasized its adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates the timely disclosure of material information that may impact a company's operations or performance.

Market-Driven Fluctuations

The company's management explicitly stated that the share price fluctuations appear to be solely driven by market forces. This clarification aims to dispel any speculation about insider information or undisclosed corporate actions influencing the stock's performance.

Investor Takeaway

While share price movements can be concerning for investors, TeleCanor Global's response underscores the importance of distinguishing between market-driven fluctuations and company-specific developments. Investors are reminded to consider broader market trends and company disclosures when evaluating stock performance.

As markets continue to evolve, transparent communication between listed companies and regulatory bodies remains crucial for maintaining investor confidence and market integrity.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.97%	+27.55%	+122.16%	+184.31%	+386.17%	+213.32%

TeleCanor Global Limited, a company listed on the Bombay Stock Exchange (BSE: 530595), has announced the appointment of Mr. Sesha Chary Phaniharam as an Additional Director in the Non-Executive, Independent Director category. The appointment, which is subject to shareholder approval, is for a two-year term commencing July 22, 2025.

Board Meeting Details

The decision was made during a board meeting held at the company's registered office in Hyderabad on July 22, 2025. The meeting, which began at 4:00 PM and concluded at 4:30 PM, was conducted based on the recommendation of the Nomination and Remuneration Committee.

About Sesha Chary Phaniharam

Mr. Phaniharam brings a wealth of experience to TeleCanor Global Limited:

Educational Background: He holds a Master of Commerce degree from Osmania University.
Professional Experience: Over 35 years in financial services, with expertise in:
- Project management and funding
- Appraisal and audit
- Advisory services
- Conceptualization and execution

Key Points of the Appointment

Aspect	Detail
Term	Two consecutive years, starting July 22, 2025
Position	Additional Director in the Non-Executive, Independent Director category
DIN	10491671 (Director Identification Number)
Regulatory Compliance	Not debarred from holding directorship by any regulatory authority
Relationship	Not related to any existing directors of TeleCanor Global Limited

Company Statement

Pilli Swetha, Whole Time Director of TeleCanor Global Limited, signed the official announcement, stating that the appointment aligns with the company's objectives and profile, given Mr. Phaniharam's industry knowledge and experience.

The appointment of Mr. Sesha Chary Phaniharam is expected to add value to TeleCanor Global Limited, leveraging his extensive experience in financial services and project management. Shareholders will have the opportunity to approve this appointment, potentially strengthening the company's leadership team for the coming years.