Description
BSE circular containing clarifications from Sandur Manganese & Iron Ores Limited and India Nippon Electricals Limited regarding increased trading volumes in their scrips.
Summary
BSE issued a circular containing clarifications from two companies - Sandur Manganese & Iron Ores Limited (SANDUMA) and India Nippon Electricals Limited (INDNIPPON) - in response to BSE surveillance queries regarding significant increases in trading volumes of their shares. Both companies confirmed they have made all necessary disclosures under SEBI LODR Regulations and have no undisclosed information that could impact price or volume behavior.
Key Points
- Sandur Manganese & Iron Ores Limited (Scrip: 504918, 976135) clarified on October 6, 2025 regarding volume increase
- India Nippon Electricals Limited (Scrip: 532240) clarified on October 3, 2025 regarding volume increase
- Both companies confirmed full compliance with Regulation 30 of SEBI LODR 2015
- No undisclosed material information or pending announcements that could affect share price/volume
- Volume increases attributed to market-driven factors
- Clarifications provided in response to BSE surveillance letters (L/SURV/ONL/PV/AA/2025-2026/537 and 533)
Regulatory Changes
No regulatory changes. This is a disclosure compliance matter under existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Compliance Requirements
- Companies must respond to stock exchange surveillance queries regarding unusual price or volume movements
- Companies must confirm whether all material disclosures have been made under Regulation 30 of SEBI LODR 2015
- Companies must disclose if there is any pending information that could impact share price/volume behavior
- Companies must provide explanation for unusual trading activity if known
Important Dates
- October 3, 2025: India Nippon Electricals received and responded to BSE query
- October 6, 2025: Sandur Manganese & Iron Ores received and responded to BSE query
- October 6, 2025: BSE circular published
Impact Assessment
Market Impact: Minimal. These are routine surveillance responses confirming no undisclosed material information exists.
Investor Impact: Provides assurance that the volume increases are market-driven and not based on undisclosed corporate developments.
Operational Impact: None. Companies confirmed normal operations with no pending announcements.
Compliance Impact: Demonstrates active surveillance by BSE and company compliance with disclosure obligations under SEBI LODR regulations.
Impact Justification
Routine clarifications in response to BSE surveillance queries regarding increased trading volumes. Both companies confirmed compliance with disclosure requirements and stated increases are market-driven with no undisclosed information.