Description
BSE surveillance responses from Carborundum Universal, Shree Digvijay Cement, and Suraj Estate Developers regarding recent volume spikes in their securities.
Summary
BSE received clarifications from three companies regarding unusual volume increases in their securities. All companies confirmed no pending material announcements and stated compliance with disclosure regulations under SEBI LODR 2015.
Key Points
- Carborundum Universal Limited (Stock Code: 513375) confirmed no impending material announcements as per company’s materiality policy
- Shree Digvijay Cement Company Limited stated price movements are purely market driven with no withheld information
- Suraj Estate Developers Limited (BSE Code: 544054) reiterated timely disclosure of all material information
- All companies assured continued compliance with Regulation 30 of SEBI LODR 2015
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Companies must respond to BSE surveillance queries regarding unusual price/volume movements
- Continued adherence to Regulation 30 disclosure requirements under SEBI LODR 2015
- Material information disclosure as per company materiality policies
Important Dates
- August 21, 2025: Date of BSE surveillance queries and company responses
Impact Assessment
Minimal market impact as all companies confirmed no pending material announcements. Responses indicate normal market-driven trading activity with proper regulatory compliance maintained.
Impact Justification
Routine surveillance responses with no material disclosures or market-moving information