Description

BSE circular containing company clarifications on significant price movements for Laxmi India Finance Limited and MIC Electronics Limited

Summary

BSE received clarifications from two companies - Laxmi India Finance Limited and MIC Electronics Limited - regarding significant price movements in their securities. Both companies confirmed they have no undisclosed material information and attributed price movements to market conditions.

Key Points

  • Laxmi India Finance Limited (Scrip: 544465, Symbol: LAXMIINDIA) responded to BSE and NSE surveillance queries dated September 8, 2025
  • MIC Electronics Limited (Scrip: 532850) responded to BSE surveillance query dated September 9, 2025
  • Both companies confirmed all material information has been properly disclosed under SEBI LODR Regulation 30
  • Price movements attributed to market-driven conditions beyond company control
  • Companies reiterated commitment to timely disclosure of price sensitive information

Regulatory Changes

No regulatory changes mentioned in this circular.

Compliance Requirements

  • Companies must respond to stock exchange surveillance queries regarding price movements
  • Continued obligation to disclose material information under SEBI LODR Regulation 30
  • Timely and accurate disclosure of price sensitive information required

Important Dates

  • September 8, 2025: BSE and NSE surveillance queries sent to Laxmi India Finance Limited
  • September 9, 2025: BSE surveillance query sent to MIC Electronics Limited
  • September 9, 2025: Companies provided clarifications

Impact Assessment

Minimal market impact as both companies confirmed no undisclosed material information exists. This is routine surveillance activity to ensure market transparency and proper disclosure compliance. The clarifications provide assurance that price movements are market-driven rather than based on undisclosed corporate developments.

Impact Justification

Routine price movement clarifications with no material information disclosed