Sula Vineyards has clarified that reports suggesting the company’s entry into the premium spirits market through an acquisition are entirely incorrect.
The company categorically stated that no negotiations or discussions regarding any acquisition or expansion into the premium spirits sector have taken place. Sula Vineyards reaffirmed its commitment to keeping shareholders and stakeholders informed of all material developments in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
“As there is no such event or information, the question of non-disclosure under SEBI regulations does not arise,” the company noted. Any recent price movement in Sula Vineyards’ shares appears to be purely market-driven rather than influenced by corporate developments.
Sula Vineyards has requested that this clarification be widely disseminated to ensure transparency and provide accurate information to the public and stakeholders.