The company hereby confirms that the price movement in the securities of the company is purely market driven and the company has no control over it.

SPL Industries Ltd has filed a confirmation with BSE regarding unusual price movement in its securities. The company states that the recent price volatility is purely market-driven and that it has no control over the fluctuations. This type of filing is typically made when a stock experiences significant price swings with no clear fundamental catalyst. The company is essentially reassuring investors and regulators that there is no unpublished material information driving the stock. This is a routine compliance disclosure required under SEBI listing regulations.