Please find attached herewith Clarification Letter on Price Movement.
Price
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Awaiting price reaction for this filing.
Modern Engineering and Projects Ltd has responded to a BSE query seeking clarification on a significant movement in its share price. The Company Secretary stated that the company is not aware of any event, information, or price-sensitive development that could explain the price movement. The company has committed to disclose any material event under SEBI's Listing Regulations if one arises. Management attributed the price movement to general market conditions and speculation, stating it has no control over such movements.
This is a routine regulatory clarification with no negative news or corporate action disclosed. The stock's price movement remains unexplained by company fundamentals, which may keep short-term volatility elevated but is neutral for long-term shareholders since no adverse event has been confirmed.