This is in response to your above referred letter received through email dated 22nd March, 2022 seeking clarification on increase in the volume of the Securities of the Company across Exchanges, in the recent past.
In this regard we wish to inform you that, there is no information and/or announcement which in our opinion may have a bearing on the Price/Volume behavior of the Company's shares as traded across exchanges and which is required to be informed to stock exchanges in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Company has been regularly disseminating price sensitive information to the stock exchanges from time to time, in terms of Regulation 30 of the said Regulations. The Company has already disclosed the necessary price sensitive information for the year ended FY 2021.
As per Company's observation, the increase in Volume of the Company's shares in recent past is purely due to market conditions and is market driven.
If any impending announcement is evaluated as material by the Company, it will be promptly disseminated.
Kindly take the same on your records. Please let us know for any further clarification, if required.
Yours faithfully,
For KSB LIMITED
MAHESH GOPAL BHAVE
Digitally signed by MAHESH GOPAL BHAVE DN: c=IN, o=Personal, 2.5.4.20=a633bdf475a070fa3cbc3a395f922df6ae69d9707 ea4e7a384133aae4916a72f, postalCode=416416, st=Maharashtra, serialNumber=eb0451c8d91c9a8cf275071329c736c9926 e155f2ed6207235739a27d5f6f18e, cn=MAHESH GOPAL BHAVE
Date: 2022.03.23 10:01:10 +05'30'
Mahesh Bhave
GM- Finance and Company Secretary
Mail to: (Head Office) KSB Limited (Formerly KSB Pumps Limited), Mumbai - Pune Road, Pimpri, Pune - 411 018. (India) Tel. : +91 20 2710 1000 Fax : +91 20 2742 6000 Visit us at : www.ksbindia.co.in
KSB Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 05:03:03 UTC.
KSB Limited is an India-based company, which is engaged in the business of manufacturing various types of power-driven pumps and industrial valves. The Company operates through three segments: Pumps, Valves, and KSB SupremeServ. The Pumps segment is engaged in manufacturing / trading of all types of pumps, which includes industrial pumps, submersible pumps, effluent treatment pumps and spares and services. The Valves segment is engaged in manufacturing and trading of industrial valves and spares and services. The KSB SupremeServ segment is engaged in covering all service and spare parts activities. It specializes in centrifugal end suction pumps, high pressure multistage pumps, industrial gate, globe, check valves, submersible motor pumps, monobloc and mini monobloc pumps, hydro pneumatic systems, and control valves. It has manufacturing plants in Pimpri, Chinchwad, Khandala, Vambori, Coimbatore and Sinnar.