Description

BSE circular containing clarifications from Futuristic Solutions Limited, Graphite India Limited, and Indraprastha Medical Corporation Limited regarding price/volume movements in their securities.

Summary

BSE published clarifications received from three listed companies in response to exchange queries regarding unusual price or volume movements in their securities. All three companies - Futuristic Solutions Limited (Scrip Code: 534063), Graphite India Limited (Scrip Code: 509488), and Indraprastha Medical Corporation Limited - confirmed they have no material information or pending announcements that would justify the observed market behavior under Regulation 30 of SEBI (LODR) Regulations, 2015.

Key Points

  • Futuristic Solutions Limited: Confirmed no information, announcement, or impending material event requiring disclosure; attributes price movement to market-driven factors and external conditions
  • Graphite India Limited: Responded to query about significant volume increase; confirmed compliance with Regulation 30 and stated no information/announcement that may bear on price/volume behavior
  • Indraprastha Medical Corporation Limited: Clarified increase in share volume across exchanges; confirmed no information or impending announcement affecting operations/performance
  • All three companies affirmed ongoing compliance with SEBI (LODR) Regulations, 2015
  • Companies attribute movements to market conditions rather than company-specific developments

Regulatory Changes

No regulatory changes introduced. This circular represents routine surveillance activity under existing SEBI (LODR) Regulations, 2015, specifically Regulation 30 concerning disclosure of material events.

Compliance Requirements

  • Listed companies must respond to exchange surveillance queries regarding unusual price/volume movements
  • Companies must disclose whether any material events, information, or pending announcements exist that could affect security prices
  • Continued compliance with Regulation 30 of SEBI (LODR) Regulations, 2015 required
  • Prompt disclosure of any future material events/information remains mandatory

Important Dates

  • October 8, 2025: BSE sent surveillance queries to Futuristic Solutions Limited and Indraprastha Medical Corporation Limited
  • October 9, 2025: BSE sent surveillance query to Graphite India Limited; all three companies submitted their clarification responses

Impact Assessment

Market Impact: Minimal. The clarifications confirm absence of undisclosed material information, providing transparency to investors but not indicating any fundamental changes in the companies’ business operations or prospects.

Investor Impact: Low. Investors receive confirmation that recent price/volume movements are not driven by unreported corporate developments, helping to dispel speculation about undisclosed events.

Operational Impact: None. The clarifications are procedural responses to exchange surveillance and do not reflect operational changes at any of the three companies.

Compliance Impact: Demonstrates normal functioning of exchange surveillance mechanisms and company compliance with disclosure obligations under SEBI regulations.

Impact Justification

Routine surveillance clarifications with no material events disclosed by any of the three companies