Description
Companies provide clarifications to BSE regarding recent price and volume movements in their shares, confirming no undisclosed material information.
Summary
BSE received clarifications from three companies - Bharat Seats Limited, Grasim Industries Limited, and Indus Towers Limited - regarding recent price and volume movements in their shares. All companies confirmed they have no undisclosed material information that could explain the market movements and stated they are compliant with disclosure requirements under SEBI regulations.
Key Points
- Bharat Seats Limited (Scrip: 523229) clarified no major events or price sensitive information pending disclosure
- Grasim Industries Limited (Scrip: 500300) attributed volume movement to market-driven factors
- Indus Towers Limited (Scrip: 534816) confirmed prompt disclosure of all material information as required
- All companies reaffirmed compliance with Regulation 30 of SEBI LODR 2015
- Companies stated movements are not attributable to any internal events or information
Regulatory Changes
No regulatory changes announced. This represents routine compliance with existing disclosure requirements.
Compliance Requirements
- Companies must respond to exchange queries regarding unusual price/volume movements
- Disclosure of any material events under Regulation 30 of SEBI LODR 2015
- Maintenance of materiality policies for event disclosure
Important Dates
- September 3, 2025: BSE query to Bharat Seats Limited
- September 4, 2025: BSE queries to Grasim Industries and Indus Towers
- September 4, 2025: All clarifications submitted
Impact Assessment
Minimal market impact as all companies confirmed no undisclosed material information. These routine clarifications help maintain market transparency and investor confidence by ensuring no information asymmetry exists regarding the observed price and volume movements.
Impact Justification
Routine regulatory clarifications with no new material information disclosed