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AMD Industries: Clarification


With reference to significant movement in price in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded AMD Industries Ltd has Clarified to BSE as under:

"The Company would like to confirm that as on date there is no such material information which was required to be disclosed and has not been disclosed to the Stock Exchanges for their investors as per Regulation 30 of the SEBI (LODR) Regulations 2015 which can affect the prices of the shares.

In addition to above we would also like to confirm that there are no such impending announcements that may have a bearing on the price / volume behaviour of the Companys share. The price of the shares of the Company are totally dependent on the investors demand and supply and the anticipation of the investors which are voluntary on part of investors and their decision to trade in the Companys share. The Companys Management have no direct or indirect control on it.

Further this is also to confirm that pursuant to Regulation 30 & Regulation 17(1)(C) of the SEBI (Listing Obligation & Disclosure Requirement) Regulations 2015 the latest development in the Companys Board i.e. appointment of Mr. Kamal Kumar as Non-Executive Independent Director in the Company for a period of 5 years with effect from 01th October 2021 has already been disclosed to the investors on 16th September 2021 through the results of E-Voting of Annual General Meeting held on 14th September 2021. On 29th September the same was further shared with the Stock Exchanges as Mr. Subhash Chand Dua had resigned from the post of Non- executive Director.

The Company would also like to confirm that the promoters or Directors of the Company have neither traded in the shares of the Company after the closure of the Trading Window for the quarter ended 30th September 2021 nor there is any material information that is available to the promoters and is not made available to investors which in ordinary course shall be available to the investors.

The Company hope that the clarification tendered herein above satisfies & clarifies all concerns and the Company is committed to provide any further information to the stock exchanges in present and future if sought by the exchange."