Description
Price and volume movement clarifications submitted by Davin Sons Retail Limited and KIOCL Limited to BSE.
Summary
BSE received clarifications from two companies regarding unusual price and volume movements in their shares. Both Davin Sons Retail Limited and KIOCL Limited stated they are not aware of any specific reasons for the movements and confirmed compliance with disclosure requirements.
Key Points
- Davin Sons Retail Limited (Security Code: 544331) clarified significant price movement
- KIOCL Limited (Scrip Code: 540680) clarified volume movement in shares
- Both companies confirmed timely disclosure of all material information as per Regulation 30
- Companies attribute movements to market-driven factors
- No undisclosed price sensitive information identified
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 Listing Regulations for timely disclosure of material information
- Compliance with Regulation 30 disclosure requirements
Important Dates
- August 20, 2025: Date of clarification letters from both companies
- August 20, 2025: Date of BSE surveillance queries
Impact Assessment
Minimal market impact as both companies confirmed no undisclosed material information. These are routine surveillance procedures to ensure market transparency and prevent information asymmetry. The clarifications provide assurance that price movements are market-driven rather than based on undisclosed developments.
Impact Justification
Routine surveillance clarifications with no material information disclosed