Description
BSE circular containing clarifications from Vodafone Idea Limited and Shree Digvijay Cement Company Limited regarding news articles affecting their share prices.
Summary
BSE circular containing clarifications from two companies - Vodafone Idea Limited and Shree Digvijay Cement Company Limited - regarding news articles that caused significant price movements in their respective stocks on August 26, 2025.
Key Points
- Vodafone Idea shares fell 10% following news about MoS Telecom ruling out further government relief
- Vodafone Idea has not received any communication from the Government regarding the reported matter
- Shree Digvijay Cement clarified they are not aware of any development regarding Adani Group’s interest in their assets
- Both companies stated they will make proper disclosures when required under SEBI regulations
- Companies emphasized that all necessary disclosures under Regulation 30 have been made
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Companies must provide clarifications under Regulation 30(11) of SEBI Listing Regulations when there are news articles causing material price movements
- Proper disclosure of all price sensitive information as required under SEBI regulations
- Companies must respond to stock exchange queries regarding market speculation
Important Dates
- August 26, 2025: Date of news articles and consequent price movements
- August 25, 2025: Date of BSE query to Shree Digvijay Cement
Impact Assessment
The clarifications aim to address market speculation and provide transparency to investors. Vodafone Idea experienced significant price volatility due to telecom sector concerns, while Shree Digvijay Cement addressed acquisition rumors. Both companies emphasized that share price movements are market driven and not based on undisclosed material information.
Impact Justification
Routine clarifications addressing market speculation and price movements