Description

BSE circular containing clarifications from Orissa Minerals Development Company Limited and Sanstar Limited regarding price and volume movements in their securities.

Summary

BSE circular dated October 7, 2025 contains clarifications from two companies - Orissa Minerals Development Company Limited (Scrip Code: 590086, NSE: ORISSAMINE) and Sanstar Limited (Scrip Code: 544217, NSE: SANSTAR) - responding to stock exchange queries about price and volume movements in their securities. Both companies confirmed that all material disclosures have been made and there is no undisclosed price-sensitive information.

Key Points

  • Orissa Minerals Development Company Limited confirmed it intimates stock exchanges of all events and price-sensitive information affecting company operations
  • Orissa Minerals stated no significant price-sensitive information is currently available to disclose
  • Sanstar Limited responded to queries about significant volume movement in its security
  • Sanstar confirmed all pertinent events and disclosures have been made in compliance with SEBI LODR 2015
  • Sanstar stated no material information, announcement, or unpublished price-sensitive information (UPSI) exists that may have bearing on recent volume
  • Sanstar indicated volume movement appears to be purely market-driven
  • Both companies reaffirmed commitment to timely disclosure of all material events

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

  • Companies must respond to stock exchange queries regarding unusual price or volume movements
  • Companies must confirm whether any undisclosed price-sensitive information exists
  • Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for all material disclosures

Important Dates

  • October 7, 2025: Date of clarifications submitted by both companies

Impact Assessment

Minimal market impact. These are routine clarifications confirming compliance with disclosure requirements. No new material information was disclosed by either company. The clarifications provide transparency that recent price/volume movements are market-driven rather than based on undisclosed corporate developments. Investors can be assured that both companies have no pending material announcements.

Impact Justification

Routine clarifications from companies confirming no undisclosed price-sensitive information; no material events or regulatory actions announced