Please find attached herewith Clarification Letter on Price Movement in securities of MIRC Electronics Limited.
ONIDA · price
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BSE Limited contacted Mirc Electronics Ltd on May 11, 2026 requesting clarification about significant movement in the company's stock price (Scrip Code: 500279). The company responded on May 12, 2026 stating that the price movement is purely due to market conditions and is market-driven. The management clarified they have no control over and no knowledge of the specific reasons for the price volatility. The company confirmed it will continue to comply with disclosure obligations under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, particularly Regulation 30. The letter was signed by Managing Director Kaval Mirchandani.
This is a routine 'no news' clarification filing. The company has not disclosed any material event or insider knowledge driving the price movement, which typically means the volatility is speculation or broader market forces. Shareholders should not read this as either positive or negative catalyst information.