Description
BSE surveillance department receives clarifications from Davin Sons Retail Limited and KIOCL Limited regarding price and volume movements in their shares.
Summary
BSE surveillance department received clarifications from two companies regarding unusual price and volume movements in their shares. Both Davin Sons Retail Limited (Security Code: 544331) and KIOCL Limited (Scrip Code: 540680) responded that they are not aware of any specific reasons for the movements and confirmed compliance with disclosure requirements.
Key Points
- Davin Sons Retail Limited clarified price movement inquiry dated August 20, 2025
- KIOCL Limited responded to volume movement inquiry on the same date
- Both companies confirmed timely disclosure of all material information as per SEBI regulations
- Companies stated movements are market-driven without specific underlying reasons
- All disclosure obligations under Listing Regulations are being met
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Companies must continue adherence to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
- Timely disclosure of all material information affecting operations/performance
- Compliance with Regulation 30 of SEBI Listing Regulations
Important Dates
- August 20, 2025: Date of surveillance inquiries and company responses
Impact Assessment
Minimal market impact as this represents routine surveillance activity. Companies have confirmed no undisclosed material information exists that would explain the price/volume movements, suggesting normal market dynamics are at play.
Impact Justification
Routine surveillance clarifications with companies stating no specific reasons for share movements