Description
BSE sought clarifications from Laxmi India Finance Limited and MIC Electronics Limited on significant price movements, both companies attributed movements to market conditions.
Summary
BSE received clarifications from two companies - Laxmi India Finance Limited and MIC Electronics Limited - regarding significant price movements in their securities. Both companies responded that the price movements were purely market-driven and they have no material undisclosed information.
Key Points
- Laxmi India Finance Limited (Scrip: 544465, Symbol: LAXMIINDIA) responded to BSE surveillance inquiry dated September 08, 2025
- MIC Electronics Limited (Scrip: 532850) responded to BSE inquiry dated September 09, 2025
- Both companies confirmed all material information has been disclosed per SEBI regulations
- Companies stated price movements are market-driven and beyond management control
- No undisclosed price-sensitive information identified
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Companies must respond to exchange surveillance inquiries promptly
- Continued compliance with SEBI Regulation 30 disclosure requirements
- Timely disclosure of any future price-sensitive information
Important Dates
- September 08, 2025: BSE inquiry sent to Laxmi India Finance Limited
- September 09, 2025: BSE inquiry sent to MIC Electronics Limited
- September 09, 2025: Both companies submitted clarification responses
Impact Assessment
Minimal market impact as this represents routine surveillance activity. Both companies confirmed compliance with disclosure requirements and attributed price movements to normal market conditions. No new material information was disclosed that would affect trading or investment decisions.
Impact Justification
Routine surveillance inquiry responses with no new material information disclosed