Globe International Carriers Limited has submitted a clarification to the National Stock Exchange of India regarding significant price movement in its securities, stating that the movement is entirely market-driven with no company involvement.
In a response to NSE‘s surveillance department enquiry under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that it maintains regular disclosures of all material events and information to stock exchanges.
The company stated: “The movement in the price of the Company’s securities is purely market-driven and the Company has no connection with any such price movement.”
Globe International Carriers emphasised its commitment to regulatory compliance, noting that all disclosures, including price-sensitive information, have been made in accordance with applicable SEBI regulations. The company further reiterated that it has been regularly informing the stock exchanges of all events, information, and developments that may have a bearing on its operations and performance.
The clarification was submitted by Annu Sharma Khandelwal, Company Secretary, on 26 March 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).