With reference to your mail dated November 4, 2025 on the price movement in the price of the security of Jay Ushin Limited, we submit our reply as enclosed
Price
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Awaiting price reaction for this filing.
Jay Ushin Ltd responded to a BSE query about unusual price movement in its shares. The company clarified that media reports about it obtaining a new licence to import rare earth magnets from China are misleading. In reality, the company has been importing rare earth magnets—used in its automotive products manufacturing—through an authorised trader in India for several years, simply to ensure supply continuity and avoid shortages. No new licence or policy shift has occurred, and the filing was made under SEBI's Listing Obligations and Disclosure Requirements Regulation 30.
The stock move appears to have been driven by misleading media speculation rather than any new business development. Shareholders should note that there is no fundamental change to the company's rare earth magnet sourcing, so any price reaction to the headline may correct as the clarification is digested by the market.