Megri Soft clarifies share price movement is market-driven

Megri Soft Ltd received an email from the stock exchange seeking clarification on significant movement in its equity share price. The company responded by stating that there is no undisclosed information or announcement required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that could explain the price fluctuation. Megri Soft attributed the share price movement to being purely market-driven and owing to market conditions, over which the company has no control or knowledge. The management also confirmed that it is not connected with the movement in the share price and assures continued adherence to disseminating all unpublished price-sensitive information.