Please find the attached Clarification letter and a reply to the query raised by the stock exchnage in respect to the sudden prive movement vide email dated April 20, 2026
ELCIDIN · price
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EL CID Investments has responded to a query from BSE regarding a recent unusual rise in its share price. The company stated that it has made all required timely disclosures to the exchange under SEBI listing rules and is not aware of any undisclosed information or upcoming event that could explain the price movement. It has confirmed there are no pending announcements or material events that have not been shared with the stock exchange. The company has attributed the sharp price movement to market-driven factors beyond its control. The clarification was signed by Ayush Dolani, Company Secretary, on April 21, 2026.
The company has given a clean chit to itself, stating no undisclosed triggers exist for the price surge. For shareholders, this means the rally (if any) is being explained away as market speculation, which could raise concerns about sustainability or invite further regulatory scrutiny if the price continues to move unusually.