Description

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

Summary

BSE published clarifications from two listed companies - Orissa Minerals Development Company Limited (ORISSAMINE) and Sanstar Limited (SANSTAR) - in response to stock exchange queries regarding price and volume movements in their securities. Both companies confirmed there is no undisclosed price-sensitive information and that they are compliant with all disclosure requirements.

Key Points

  • Orissa Minerals Development Company Limited (Scrip Code: 590086, NSE: ORISSAMINE) confirmed no significant price-sensitive information is available
  • Company intimates all events and price-sensitive information to exchanges from time to time
  • Sanstar Limited (Scrip Code: 544217, NSE: SANSTAR) responded to queries on significant volume movement
  • Sanstar confirmed all pertinent events and disclosures have been made in compliance with regulatory requirements
  • No material information, announcement, or unpublished price-sensitive information (UPSI) exists that may have bearing on recent volume movements
  • Both companies confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Companies must respond to stock exchange surveillance queries regarding price/volume movements
  • Confirmation required that all material events and UPSI have been disclosed
  • Ongoing compliance with SEBI LODR Regulations 2015 for timely disclosure of price-sensitive information

Important Dates

  • October 7, 2025: Date of clarification letters from both companies
  • NSE Reference for Sanstar: NSE/CM/Surveillance/15927
  • BSE Reference for Sanstar: L/SURV/ONL/PV/AA/2025-2026/545

Impact Assessment

Market Impact: Minimal. Both clarifications confirm no undisclosed material information, suggesting recent price/volume movements are market-driven rather than company-specific developments.

Investor Impact: Neutral. Investors are informed that no hidden corporate developments are driving trading activity.

Operational Impact: None. These are routine surveillance responses with no operational implications for the companies or market participants.

Impact Justification

Routine clarifications from companies confirming no undisclosed price-sensitive information; standard surveillance response with no material impact