Description

Companies clarify that share price movements are market driven and no price sensitive information has been withheld, in response to BSE surveillance queries on unusual price/volume behavior.

Summary

BSE published clarifications received from multiple companies (V2 Retail Limited, Arihant Superstructures Limited, and Banco Products (India) Limited) in response to surveillance queries regarding unusual price movements or volume increases in their securities. All companies confirmed that no material or price sensitive information has been withheld and that share price movements are purely market driven.

Key Points

  • V2 Retail Limited (Scrip Code: 532867, NSE: V2RETAIL) responded to clarification on price movement
  • Arihant Superstructures Limited (Scrip Code: 506194) responded to query on significant volume increase
  • Banco Products (India) Limited (BSE: 500039, NSE: BANCOINDIA) responded to surveillance query on price movement
  • All companies stated no pending price sensitive information or announcements
  • Companies confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • Price movements attributed to market forces and prevailing market conditions

Regulatory Changes

No regulatory changes introduced. This circular documents company responses to existing surveillance procedures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Companies must respond promptly to stock exchange surveillance queries regarding unusual price/volume movements
  • Disclosure of any material or price sensitive information as required under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies must confirm whether any undisclosed information exists that could affect share price behavior
  • Continued adherence to timely disclosure requirements

Important Dates

  • October 8, 2025: Date of company clarifications submitted to BSE
  • October 8, 2025: Date of BSE circular publication

Impact Assessment

Market Impact: Minimal. These are routine surveillance responses confirming no material undisclosed information. The clarifications provide transparency but do not reveal any new information affecting market sentiment.

Investor Impact: Low. Investors are assured that companies are complying with disclosure norms and that recent price movements are market-driven rather than based on undisclosed material events.

Operational Impact: None. This is administrative in nature with no operational changes required for the companies or market participants.

Regulatory Impact: Demonstrates active surveillance by BSE and compliance by listed entities with disclosure obligations under SEBI regulations.

Impact Justification

Routine surveillance clarifications from companies confirming no undisclosed price sensitive information; purely administrative responses with no material impact on operations or market