WSTCSTPAPRWest Coast Paper Mills Limited
West Coast Paper Mills tells the exchanges that the movement in its share price is “purely market driven”
- Exchange query
- Paper And Paper Products
West Coast Paper Mills Limited has told BSE and NSE that it received an email from BSE and a letter from NSE, both dated 15 Oct 2026, seeking its response on a significant movement in the price of its shares. The company replied on 16 Oct 2026 in a letter titled “Clarification on Price Movement”.
The company says it has always made timely disclosures to the exchanges of all events and information under Regulation 30 of the SEBI listing rules. It confirms that there are no pending announcements, disclosures, events or information that are required to be reported.
The company states that the significant movement in the price of its shares across the exchanges is purely market driven. It adds that if any such event occurs, it will inform the exchanges as the SEBI regulations require.
Inference
Exchanges ask companies to clarify when a share price moves sharply, to check whether information that has not been made public may be behind it. The company’s reply is that nothing undisclosed explains the move.
The letter does not give the size of the price movement or any business detail. It also does not say what drove the market’s reaction, since the company describes the move only as market driven.
Reference: Original filing (PDF)
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