Description

BSE requests clarifications from R Systems International Limited and Elitecon International Limited regarding significant increase in trading volume of their equity shares.

Summary

BSE Surveillance Department requested clarifications from R Systems International Limited (BSE Code: 532735) and Elitecon International Limited regarding significant increases in trading volume of their equity shares. Both companies responded that the volume movements are market-driven and confirmed they have made all required disclosures under SEBI regulations.

Key Points

  • BSE issued volume movement queries to R Systems International Limited and Elitecon International Limited on August 25, 2025
  • R Systems International Limited (CIN: L74899DL1993PLC053579, BSE Code: 532735) confirmed compliance with all disclosure requirements under Regulation 30 of SEBI LODR 2015
  • Elitecon International Limited (CIN: L16000DL1987PLC396234) stated that volume movement is purely market-driven and not within company’s knowledge
  • Both companies assured continued compliance with regulatory obligations and timely disclosure of material information

Regulatory Changes

No regulatory changes announced. Standard surveillance procedure under existing SEBI LODR regulations.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Continued compliance with Regulation 30 of SEBI LODR 2015 for disclosure of material information
  • Prompt communication of any developments requiring disclosure

Important Dates

  • August 25, 2025: BSE surveillance queries issued
  • August 25, 2025: Company responses submitted

Impact Assessment

Routine surveillance activity with no immediate market impact. Companies’ standard responses indicate no undisclosed material information affecting share prices. Market participants should note that volume increases are attributed to normal market dynamics rather than specific corporate developments.

Impact Justification

Standard surveillance queries regarding unusual trading volume, companies provided standard compliance responses