This intimation is pertaining to clarification regarding wrongfully use of the name of Modern Insulators Limited ("the Company") by Modern Syntex (India) Limited in their public announcement ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.5 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Modern Insulators Limited has issued a clarification to BSE stating that another company, Modern Syntex (India) Limited, has wrongly referred to itself as 'Formerly known as Modern Insulators Limited' in a public announcement published on August 7, 2024 in Business Standard and Dainik Jagran. Modern Insulators states it is a separate and independent legal entity and that there has been no change in its name since incorporation. The company has already brought this misrepresentation to the attention of Modern Syntex's management and requested immediate rectification in all public communications. The intimation has been filed under Regulation 30 of SEBI (LODR) Regulations, 2015, in the interest of stakeholder transparency.
This is a corporate identity clarification rather than a financial event. It does not affect Modern Insulators' operations, financials, or share price directly, but protects the company's brand identity and prevents public confusion between two unrelated entities.