Description

Companies clarify significant increase in trading volumes, stating no undisclosed material information and attributing volume changes to market-driven factors.

Summary

BSE Limited sought clarifications from multiple companies regarding significant increases in trading volumes of their shares. Three companies - Sandur Manganese & Iron Ores Limited (SANDUMA), India Nippon Electricals Limited (INDIANIPPON), and Precision Wires India Limited (PRECWIRE) - responded confirming compliance with disclosure requirements and stating no undisclosed material information exists that could affect share price or volume behavior.

Key Points

  • Sandur Manganese & Iron Ores Limited (Scrip Codes: 504918 & 976135) responded on October 6, 2025 to BSE query about volume increases
  • India Nippon Electricals Limited (Scrip: 532240) responded on October 3, 2025 to similar inquiry
  • All companies confirmed full compliance with SEBI LODR Regulation 30 regarding material disclosures
  • Companies stated no withheld information or pending announcements that could impact price/volume behavior
  • Volume increases attributed to market-driven factors rather than company-specific developments
  • All companies affirmed awareness of their disclosure obligations under SEBI regulations

Regulatory Changes

No regulatory changes announced. This circular pertains to routine surveillance and compliance verification.

Compliance Requirements

  • Companies must respond promptly to exchange queries regarding unusual price or volume movements
  • Companies must confirm compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies must disclose if any material information exists that could explain volume/price movements
  • Companies must explicitly state if they have withheld any information that could affect trading behavior

Important Dates

  • October 3, 2025: India Nippon Electricals Limited response submitted
  • October 6, 2025: Sandur Manganese & Iron Ores Limited response submitted

Impact Assessment

Market Impact: Minimal. These are routine clarifications confirming no undisclosed material events.

Investor Impact: Low. The clarifications provide transparency that volume increases are market-driven with no hidden company developments.

Operational Impact: None. This is standard exchange surveillance practice requiring periodic clarifications from listed entities experiencing unusual trading activity.

Stocks Affected:

  • Sandur Manganese & Iron Ores Limited (SANDUMA) - Scrip Codes: 504918 & 976135
  • India Nippon Electricals Limited - Scrip Code: 532240
  • Precision Wires India Limited - Mentioned but incomplete document

Impact Justification

Routine clarifications in response to exchange queries about volume increases with no new material information disclosed