Significant movement in price has been observed in MIRC Electronics Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. MIRC Electronics Limited has submitted their response.

MIRC Electronics Limited has responded to NSE's query regarding significant price movement in its stock. The company clarified that the price movement is purely due to market conditions and is market-driven. The management stated they have no control over and no knowledge of the reasons behind the stock price movement. The company has reaffirmed its commitment to making all relevant disclosures as required under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. This is a standard exchange compliance response typically filed when unusual price volatility is observed.