Description
Companies provide clarifications to BSE regarding recent volume and price movements in their shares, attributing movements to market conditions.
Summary
Three companies - RIR Power Electronics Limited, Sheela Foam Limited, and Silverline Technologies Limited - provided clarifications to BSE regarding recent volume and price movements in their shares. All companies confirmed compliance with SEBI LODR regulations and attributed the movements to market conditions rather than any undisclosed material information.
Key Points
- RIR Power Electronics (Scrip: 517035) responded to BSE inquiry about volume movement
- Sheela Foam Limited (Scrip: 540203) clarified volume movement in shares
- Silverline Technologies Limited (Scrip: 500389) addressed price movement inquiry
- All companies confirmed no material information was withheld
- Companies attribute movements to market conditions and market-driven factors
- Regular compliance with Regulation 30 of SEBI LODR regulations confirmed
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Companies must respond to BSE inquiries regarding unusual price/volume movements
- Continued adherence to SEBI LODR Regulation 30 disclosure requirements
- Prompt disclosure of material events/information to stock exchanges
Important Dates
- September 10, 2025: Date of company responses to BSE inquiries
Impact Assessment
Minimal market impact as this is routine surveillance activity. Companies have confirmed no undisclosed material information exists that would explain the price/volume movements, indicating movements are due to normal market dynamics rather than fundamental corporate developments.
Impact Justification
Routine clarifications from companies regarding stock movements with no material information disclosed