Spright Agro Limited, formerly known as Tine Agro Limited, has firmly denied recent allegations of speculative trading and insider trading. The company, in an official statement, has condemned these accusations as misleading and damaging to its hard-earned reputation.
Over the past few days, certain individuals and media outlets have circulated unverified reports suggesting Spright Agro’s involvement in improper trading activities. The company asserts that these claims have been made without seeking clarification or verification, causing unwarranted concerns among stakeholders.
The share price of Spright Agro has hit an upper circuit on BSE as of 2:09 PM on February 13, 2025.
In response to these rumours, the company has reaffirmed its commitment to ethical business practices, sustainable growth, and long-term wealth creation. Managing Director Akshaykumar N. Patel reassured stakeholders that Spright Agro remains focused on delivering value through its core agricultural business.
“We are not, in any way, involved in speculative or insider trading. These reports are baseless, and we are taking every necessary step to protect our reputation,” stated Patel.
The company also highlighted its recent financial growth, attributing it to strong business fundamentals rather than speculative market activities.
Despite the negative publicity, Spright Agro remains optimistic about its future. The company has several upcoming projects aimed at strengthening its position in the agricultural sector, with further details to be announced in the coming months.
Spright Agro is also taking proactive measures to identify the sources of misinformation and ensure that stakeholders continue to receive transparent and accurate updates.
To safeguard its credibility, Spright Agro is actively addressing the situation and reinforcing its focus on long-term business sustainability. The company has urged stakeholders to rely on verified information from official sources and not be influenced by misleading speculation.
Spright Agro Limited’s firm stance against misinformation and its unwavering commitment to transparency and ethical business conduct highlight its dedication to responsible corporate governance.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 13, 2025, 4:35 PM IST
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