Description
New India Assurance Company Limited and Shivalik Rasayan Limited provide clarifications on unusual price/volume behavior in their scrips.
Summary
BSE received clarifications from two listed companies regarding unusual price/volume movements in their securities. Both The New India Assurance Company Limited (scrip code: 540769) and Shivalik Rasayan Limited (scrip code: 539148) confirmed they have no undisclosed price-sensitive information and attributed the movements to market-driven factors.
Key Points
- New India Assurance Company Limited responded to BSE surveillance query about volume increase
- Shivalik Rasayan Limited clarified on price movement in their scrip
- Both companies confirmed compliance with SEBI LODR Regulation 30 disclosure requirements
- Companies stated no awareness of undisclosed information affecting share price/volume
- Price movements attributed to market conditions rather than company-specific factors
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Companies must respond to BSE surveillance queries regarding unusual price/volume movements
- Continued compliance with SEBI LODR Regulation 30 for timely disclosure of price-sensitive information
- Companies must confirm whether they possess any undisclosed material information
Important Dates
- July 31, 2025: Date of company responses to BSE surveillance department
Impact Assessment
Minimal market impact as both companies confirmed no material undisclosed information. These are routine surveillance responses that provide transparency to market participants about the absence of company-specific reasons for recent price/volume movements in the respective scrips.
Impact Justification
Routine surveillance clarifications with no material information disclosed by companies