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Awaiting price reaction for this filing.
Simplex Castings Ltd has responded to BSE's query regarding the unusual movement in its share price. The company stated that it has been promptly disclosing all price-sensitive information and material events to the stock exchange as required under SEBI's Listing Regulations. It attributed the share price movement entirely to market conditions, saying the company has no control over or knowledge of the reasons behind the price change. The company, signed by Managing Director Sangeeta K Shah, reaffirmed its commitment to keep the exchange informed of any future material developments.
No new material or financial information has been shared, so this clarification is largely procedural and should not materially alter the company's fundamentals or stock valuation.