Description
BSE received clarifications from Davin Sons Retail Limited and KIOCL Limited regarding unusual price and volume movements in their shares.
Summary
BSE’s surveillance department sought clarifications from Davin Sons Retail Limited (DAVIN) and KIOCL Limited regarding unusual price and volume movements in their shares. Both companies responded that they have no undisclosed material information and attribute the movements to market-driven factors.
Key Points
- Davin Sons Retail Limited (Security Code: 544331) clarified price movement inquiry dated August 20, 2025
- KIOCL Limited (Scrip Code: 540680) responded to volume movement inquiry dated August 20, 2025
- Both companies confirmed compliance with SEBI Listing Regulations and timely disclosure of material information
- Companies stated they are unaware of specific reasons for share price/volume movements
- Movements attributed to market conditions and various market factors
Regulatory Changes
No regulatory changes mentioned.
Compliance Requirements
- Companies must respond to BSE surveillance inquiries regarding unusual price/volume movements
- Continued adherence to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
- Timely disclosure of material information under Regulation 30
Important Dates
- August 20, 2025: Date of BSE surveillance inquiries and company responses
Impact Assessment
Minimal market impact as both companies confirmed no undisclosed material information. These are routine surveillance clarifications demonstrating BSE’s ongoing monitoring of unusual trading activities to ensure market integrity.
Impact Justification
Routine surveillance clarifications with no material information disclosed by companies