Munjal Auto Clarifies on Price Movement

Munjal Auto Industries Ltd. responded to BSE's request for clarification on price movement, stating that it has been disclosing all material information, including compliance with Regulation 30 of the SEBI Listing Regulations. The company highlighted a recent business award from Honda Motorcycle and Scooter India for manufacturing and supplying sheet metal parts, which was duly disclosed. Munjal Auto asserts it is unaware of the reasons for the significant share price movement, attributing it to market-driven factors and reiterating its commitment to compliance.