Description
Companies provide clarifications to BSE regarding recent price movements, stating movements are market-driven with no undisclosed material information.
Summary
BSE received clarifications from Laxmi India Finance Limited and MIC Electronics Limited regarding recent significant price movements in their securities. Both companies confirmed that all material information has been properly disclosed and that price movements are purely market-driven.
Key Points
- Laxmi India Finance Limited (Scrip: 544465, Symbol: LAXMIINDIA) responded to BSE surveillance inquiry dated September 8, 2025
- MIC Electronics Limited (Scrip: 532850) responded to BSE surveillance inquiry dated September 9, 2025
- Both companies confirmed all material disclosures under Regulation 30 of SEBI LODR have been made timely
- Companies stated price movements are market-driven and beyond management control
- No undisclosed price-sensitive information exists that could impact stock prices
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Companies must continue to disclose price-sensitive information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Timely and accurate disclosure of material information affecting operations/performance required
Important Dates
- September 8, 2025: BSE surveillance inquiry sent to Laxmi India Finance Limited
- September 9, 2025: BSE surveillance inquiry sent to MIC Electronics Limited
- September 9, 2025: Both companies submitted clarifications
Impact Assessment
Minimal market impact as both clarifications confirm no undisclosed material information. Standard surveillance procedure responses that provide transparency but do not indicate any regulatory concerns or material business developments.
Impact Justification
Routine clarifications confirming no undisclosed material information affecting stock prices