Description
Two companies provide clarifications regarding unusual price/volume movement, stating no undisclosed price sensitive information exists.
Summary
BSE received clarifications from two companies - The New India Assurance Company Limited (Scrip Code: 540769) and Shivalik Rasayan Limited (Code: 539148) - regarding unusual price/volume movement in their securities. Both companies confirmed they have no undisclosed price sensitive information and attribute the movement to market conditions.
Key Points
- New India Assurance responded to BSE surveillance query about volume increase
- Shivalik Rasayan addressed price movement clarification request
- Both companies confirmed compliance with SEBI LODR Regulation 30 disclosure requirements
- No undisclosed events or information affecting company operations
- Price movements attributed to market-driven factors
- Companies reaffirmed commitment to timely disclosure obligations
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Companies must respond to surveillance queries from exchanges
- Continued adherence to SEBI LODR Regulation 30 for material disclosures
- Prompt disclosure of price sensitive information to exchanges
- Maintenance of proper corporate governance policies
Important Dates
- July 31, 2025: Date of company responses to BSE surveillance queries
Impact Assessment
Minimal market impact as both companies confirmed no material undisclosed information exists. These are routine surveillance clarifications that help maintain market transparency and investor confidence. The responses indicate normal market functioning with appropriate regulatory oversight.
Impact Justification
Routine surveillance clarifications with no material impact on operations