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Findi Limited (ASX:FND)

ALERT: Price-sensitive ASX Announcement for FND
Current share price for FND : $0.405 -2.195 (-84.42%)+
Announcement
Release
10 Oct 2025 9:05AM
Price at Release
$2.600
Full Release
download
Summary
On 10 October 2025, Findi Limited (FND) responded to an ASX price query following a significant drop in its securities' price and an increase in trading volume. FND stated it was not aware of any undisclosed information that could have influenced the recent trading activity. However, the company acknowledged that a former Vice Chairman of its Indian subsidiary had made false and misleading social media posts about FND, prompting the company to initiate legal action. FND confirmed compliance with ASX Listing Rules, particularly Listing Rule 3.1, and stated that its response had been authorized by the board.
Key Points
  • Findi Limited's securities experienced a price drop from $3.33 to $2.445.
  • There was a significant increase in the volume of FND’s securities traded.
  • ASX sought clarification from FND regarding any undisclosed market information.
  • FND confirmed no unannounced market information could explain the trading change.
  • False social media posts by a former Vice Chairman of an Indian subsidiary were identified.
  • FND is pursuing legal action against the misleading social media posts.
  • FND assured compliance with the ASX Listing Rules, especially Listing Rule 3.1.
  • The board of FND authorized the response to the ASX queries.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.