Description

Companies respond to BSE queries on unusual price and volume movements, confirming compliance with disclosure regulations and stating movements are market-driven.

Summary

BSE received clarifications from two companies regarding unusual price and volume movements in their securities. Affordable Robotic & Automation Limited (AFFORDABLE) responded to price movement queries, while Vardhman Textiles Limited (VARDHMAN) addressed volume increase concerns. Both companies confirmed compliance with SEBI LODR Regulations 2015 and stated that movements are purely market-driven.

Key Points

  • Affordable Robotic & Automation Limited confirmed compliance with SEBI LODR Regulations and timely disclosure of price-sensitive information
  • Company cited recent press release by subsidiary ARAPL RaaS Private Limited regarding US tariff strategy as disclosed information
  • No undisclosed price-sensitive information or pending announcements identified
  • Vardhman Textiles Limited responded to volume increase inquiry, confirming all material information has been disclosed
  • Both companies attribute share movements to market conditions beyond their control
  • Companies assured continued prompt disclosure of material events as required

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must continue timely disclosure of all price-sensitive information under Regulation 30 of SEBI LODR Regulations 2015
  • Prompt intimation of material events/information/actions to stock exchanges required
  • Companies must respond to surveillance queries from exchanges regarding unusual price/volume movements

Important Dates

  • August 28, 2025: BSE inquiry sent to Affordable Robotic & Automation Limited
  • August 29, 2025: Both companies submitted their clarification responses
  • August 29, 2025: BSE inquiry sent to Vardhman Textiles Limited

Impact Assessment

Minimal market impact as these are routine surveillance clarifications with no material new disclosures. Both companies confirmed existing compliance frameworks are functioning properly. The clarifications provide transparency to investors that recent price/volume movements are market-driven rather than based on undisclosed material information.

Impact Justification

Routine surveillance clarifications with no material disclosures or regulatory violations