Description

Three companies provide clarifications to BSE regarding significant price/volume movements in their securities, confirming no undisclosed material events.

Summary

BSE sought clarifications from three companies regarding significant price/volume movements in their securities. Futuristic Solutions Limited (scrip code 534063), Graphite India Limited (scrip code 509488), and Indraprastha Medical Corporation Limited responded confirming compliance with SEBI (LODR) Regulation 30 and stating no undisclosed material information exists that could impact their security prices. All companies attributed the movements to market-driven factors and external conditions.

Key Points

  • Futuristic Solutions Limited clarified price movement on October 9, 2025 in response to BSE’s October 8, 2025 inquiry
  • Company is exploring recovery of claims at various levels but has no material events requiring disclosure
  • Graphite India Limited addressed significant volume increase across exchanges
  • Indraprastha Medical Corporation Limited responded to inquiry about volume increase dated October 8, 2025
  • All three companies confirmed compliance with Regulation 30 of SEBI (LODR) Regulations 2015
  • No pending announcements or material events disclosed by any company
  • Movements attributed to market conditions and external factors

Regulatory Changes

No regulatory changes announced. This circular documents routine surveillance activity and compliance confirmations under existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 regarding disclosure of material events.

Compliance Requirements

  • Companies must respond to exchange inquiries regarding unusual price/volume movements
  • Disclosure required under Regulation 30 of SEBI (LODR) 2015 for any material events/information
  • Companies must confirm compliance status with listing regulations
  • Prompt disclosure obligation continues for any future material events

Important Dates

  • October 8, 2025: BSE sent clarification requests to Futuristic Solutions Limited and Indraprastha Medical Corporation Limited
  • October 9, 2025: All three companies submitted their clarification responses
  • October 9, 2025: BSE sent clarification request to Graphite India Limited (same day response)

Impact Assessment

Market Impact: Minimal. The clarifications confirm no fundamental corporate developments driving the price/volume changes. Investors are informed that movements are market-driven rather than based on undisclosed material information.

Operational Impact: None. Companies continue normal operations with no disclosed changes.

Regulatory Impact: Demonstrates active surveillance by BSE and compliance by listed entities. Reinforces market integrity through transparency regarding unusual trading patterns.

Investor Impact: Provides assurance that companies are compliant with disclosure norms and no material information is being withheld from the market.

Impact Justification

Routine clarifications confirming no material undisclosed events; movements attributed to market conditions