Description
Companies provide clarifications to BSE regarding recent spurt in trading volume and price movements in their securities.
Summary
BSE received clarifications from three companies - Zen Technologies Limited, Zuari Agro Chemicals Limited, and Elegant Floriculture & Agrotech (India) Limited - regarding recent increases in trading volume and price movements in their securities. All companies confirmed they have no undisclosed material information and attribute the movements to market forces.
Key Points
- Zen Technologies (533339) confirmed compliance with SEBI Listing Regulations and stated no undisclosed information exists that could relate to increased trading volume
- Zuari Agro Chemicals (534742) attributed price movements to market forces and disassociated itself from speculation
- Elegant Floriculture & Agrotech (526473) provided similar clarification (document appears incomplete)
- All companies confirmed timely disclosure of material information under Regulation 30
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Companies must respond to BSE surveillance queries regarding unusual price/volume movements
- Continued compliance with SEBI Listing Regulations Regulation 30 for material disclosures
- Companies must confirm absence of undisclosed material information
Important Dates
- August 01, 2025: Date of clarification responses from companies
Impact Assessment
Minimal market impact as these are routine surveillance responses with no new material information disclosed. Companies confirmed normal compliance procedures are being followed.
Impact Justification
Routine compliance responses with no material information disclosed