Description

Three companies provide clarifications to BSE regarding significant increases in trading volume of their securities.

Summary

BSE received clarifications from three listed companies - Igarashi Motors India Limited, JBM Auto Limited, and M.K. Exim (India) Limited - regarding significant increases in trading volume of their securities. All three companies confirmed they have made necessary disclosures under SEBI LODR Regulations 2015 and have no undisclosed material price-sensitive information that could explain the volume behavior.

Key Points

  • Igarashi Motors (Stock Code: 517380) responded to BSE surveillance query dated July 25, 2025
  • JBM Auto (Script Code: 532605) confirmed volume movements are purely market-driven due to market conditions
  • M.K. Exim provided similar clarification regarding price movement inquiry
  • All companies affirmed compliance with Regulation 30 of SEBI LODR Regulations 2015
  • Companies stated no impending material announcements that could affect price/volume behavior

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond promptly to BSE surveillance queries regarding unusual volume/price movements
  • Mandatory disclosure of all material price-sensitive information under Regulation 30 of SEBI LODR Regulations 2015
  • Companies must confirm absence of undisclosed material information when queried by exchange

Important Dates

  • July 25, 2025: Date of BSE surveillance queries and company responses
  • Ongoing: Continuous compliance with disclosure obligations

Impact Assessment

Minimal market impact as this represents routine surveillance activity. The clarifications indicate normal market-driven trading activity without underlying corporate developments. No material information was disclosed that would affect investment decisions. These responses demonstrate the exchange’s active monitoring of unusual trading patterns and companies’ compliance with disclosure norms.

Impact Justification

Routine volume clarifications with no material information disclosed; companies confirm compliance with disclosure requirements