Description
Three companies provided clarifications to BSE regarding price/volume movements in their scrips, stating no pending material information and attributing movements to market conditions.
Summary
Three companies - Zim Laboratories Limited, Kirloskar Oil Engines Ltd, and Ajmera Realty & Infra India Limited - provided clarifications to BSE surveillance regarding unusual price or volume movements in their scrips. All companies confirmed they have made proper disclosures under SEBI LODR regulations and attributed the price movements to normal market conditions.
Key Points
- Zim Laboratories (Code: 541400) responded to BSE surveillance query about price movement
- Kirloskar Oil Engines (Scrip: 533293) clarified volume movement following Q1 FY2026 results announcement
- All companies confirmed compliance with Regulation 30 of SEBI LODR 2015
- No pending material information or announcements that could affect share prices
- Companies attribute price/volume movements purely to market conditions
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Companies must respond to BSE surveillance queries regarding unusual price/volume movements
- Continued adherence to SEBI LODR disclosure requirements
- Timely submission of material information that may impact share prices
Important Dates
- August 6, 2025: BSE surveillance query to Zim Laboratories
- August 7, 2025: BSE surveillance query to Kirloskar Oil Engines
- August 7, 2025: Companies’ responses submitted
Impact Assessment
Minimal market impact as these are routine surveillance clarifications. The responses confirm that recent price movements in these stocks were market-driven rather than based on undisclosed material information. This maintains market transparency and investor confidence in the disclosure framework.
Impact Justification
Routine compliance responses with no material information or changes