Description
BSE receives clarifications from R Systems International Limited and Elitecon International Limited regarding increased trading volumes in their securities.
Summary
BSE received clarifications from two companies - R Systems International Limited (BSE Scrip Code: 532735) and Elitecon International Limited - regarding significant increases in trading volumes of their securities. Both companies confirmed they are not aware of any undisclosed material information that could explain the volume movement and stated the increases are purely market-driven.
Key Points
- R Systems International Limited responded to BSE surveillance inquiry about increased trading volumes
- Elitecon International Limited also provided clarification on significant volume movement in their equity shares
- Both companies confirmed compliance with SEBI Listing Regulations and timely disclosure requirements
- Companies stated they are not aware of any undisclosed material information affecting share prices
- Volume movements described as purely market-driven
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Companies must respond to surveillance inquiries from exchanges regarding unusual trading activity
- Continued compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Prompt disclosure of any material information under Regulation 30 of LODR
Important Dates
- August 25, 2025: Date of surveillance inquiry from BSE
- August 25, 2025: Date of clarification responses from both companies
Impact Assessment
Minimal market impact as this represents routine surveillance activity. The clarifications confirm no undisclosed material information exists that would warrant further investigation. Both companies reaffirmed their commitment to regulatory compliance and timely disclosure practices.
Impact Justification
Routine surveillance inquiries and standard compliance responses with no material information disclosed