Description
Three companies provide clarifications to BSE regarding recent price and volume movements in their shares.
Summary
BSE received clarifications from three companies regarding recent price and volume movements in their shares. Bharat Seats Limited, Grasim Industries Limited, and Indus Towers Limited all confirmed they have no undisclosed price-sensitive information or material events that would explain the market movements.
Key Points
- Bharat Seats Limited (Scrip Code: 523229) responded to BSE inquiry about price movement dated September 3, 2025
- Grasim Industries Limited (Scrip Code: 500300) addressed volume movement inquiry dated September 4, 2025
- Indus Towers Limited (Scrip Code: 534816) clarified significant volume increase across exchanges
- All companies confirmed compliance with Regulation 30 disclosure requirements
- Companies stated movements appear to be market-driven rather than due to internal developments
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Companies must respond promptly to exchange inquiries about unusual price/volume movements
- Obligation to disclose material information under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies must confirm whether any undisclosed events could explain market behavior
Important Dates
- September 3, 2025: BSE inquiry to Bharat Seats Limited
- September 4, 2025: BSE inquiries to Grasim Industries Limited and Indus Towers Limited
- September 4, 2025: All company responses submitted
Impact Assessment
Minimal market impact as all companies confirmed no undisclosed material information. These are routine regulatory compliance responses that provide transparency but do not reveal new business developments or material changes that would significantly affect stock valuations or trading patterns.
Impact Justification
Routine regulatory responses with no material developments disclosed