Description
BSE receives clarifications from Davin Sons Retail Limited and KIOCL Limited regarding price and volume movements in their shares.
Summary
BSE received clarifications from two listed companies regarding unusual trading activity. Davin Sons Retail Limited responded to queries about price movement, while KIOCL Limited addressed volume movement concerns. Both companies stated they are unaware of specific reasons for the trading patterns and confirmed compliance with disclosure requirements.
Key Points
- Davin Sons Retail Limited (Security Code: 544331) provided clarification on price movement
- KIOCL Limited (Scrip Code: 540680) responded to volume movement queries
- Both companies confirmed adherence to SEBI Listing Regulations and timely disclosure requirements
- Companies attribute movements to market-driven factors
- No undisclosed material information identified by either company
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Companies must respond to BSE surveillance queries regarding unusual trading activity
- Continued compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Timely disclosure of all material information affecting company operations or performance
Important Dates
- August 20, 2025: Date of clarification letters from both companies
- Reference letters from BSE surveillance department issued on August 20, 2025
Impact Assessment
Minimal market impact as both companies confirmed no undisclosed material information. The clarifications are part of routine surveillance activities to ensure market transparency and investor protection. No specific operational or financial impacts disclosed by either company.
Impact Justification
Routine surveillance clarifications with no material information disclosed