Description

BSE sought clarifications from Shree Rama Multi-Tech Limited and Jindal Poly Films Limited regarding significant price and volume movements in their securities

Summary

BSE Limited sought clarifications from two companies regarding significant movements in their share prices and trading volumes. Both Shree Rama Multi-Tech Limited (Scrip Code: 532310) and Jindal Poly Films Limited (Scrip Code: 500227) responded that the movements were market-driven and confirmed they have disclosed all material information as required under SEBI regulations.

Key Points

  • Shree Rama Multi-Tech Limited received clarification request dated September 1, 2025 (Reference: L/SURV/ONL/PV/AJ/2025-2026/3064) regarding price movement
  • Jindal Poly Films Limited received clarification request dated September 1, 2025 (Reference: L/SURV/ONL/PV/KA/2025-2026/389) regarding volume movement
  • Both companies confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies stated that price/volume movements are purely market-driven
  • No undisclosed price-sensitive information exists

Regulatory Changes

No regulatory changes announced. This circular contains routine surveillance clarifications under existing SEBI disclosure requirements.

Compliance Requirements

  • Companies must continue disclosing all events and information having bearing on operations/performance as per Regulation 30 of SEBI (LODR) Regulations, 2015
  • Price-sensitive information must be disclosed to stock exchanges first in the interest of investors/shareholders
  • Companies must respond to exchange queries regarding unusual price/volume movements

Important Dates

  • September 1, 2025: BSE surveillance queries issued to both companies
  • September 1, 2025: Both companies responded to BSE clarification requests

Impact Assessment

Minimal market impact expected as both companies have confirmed that recent price and volume movements are market-driven with no undisclosed material information. The clarifications provide transparency and reassurance to market participants that companies are compliant with disclosure norms.

Impact Justification

Routine surveillance clarifications with standard responses from companies indicating no undisclosed price-sensitive information