Description

Companies provide clarifications to BSE regarding significant price/volume movements in their securities, confirming no undisclosed price sensitive information exists.

Summary

BSE requested clarifications from three companies - Jindal Worldwide Limited, Motilal Oswal Financial Services Limited, and Palred Technologies Limited - regarding significant price and/or volume movements in their securities. All companies responded confirming full compliance with SEBI (LODR) Regulations, 2015, stating that all material events have been disclosed timely, there is no pending unpublished price sensitive information (UPSI), and the movements are purely market-driven.

Key Points

  • Jindal Worldwide Limited (Security Code: 531543) clarified that notable increase in volume is completely market-driven
  • Motilal Oswal Financial Services Limited (Security Code: 532892) confirmed no UPSI or impending announcements exist
  • Palred Technologies Limited (BSE: 532521, NSE: PALREDTEC) provided disclosure under Regulation 30
  • All companies confirmed compliance with timely disclosure of all material events under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies stated no internal reasons or information exists at management/KMP level affecting operations or performance
  • All movements attributed to prevailing market conditions

Regulatory Changes

No regulatory changes announced. This circular documents routine surveillance mechanism under existing SEBI (LODR) Regulations, 2015.

Compliance Requirements

  • Companies must respond promptly to exchange queries regarding unusual price/volume movements
  • Companies must confirm disclosure of all price sensitive information under Regulation 30
  • Companies must state if any UPSI or pending announcements exist
  • Companies must clarify if any internal events or information could impact operations/performance

Important Dates

  • October 10, 2025: Date of BSE surveillance queries and company responses
  • BSE reference numbers: L/SURV/ONL/PV/AA/2025-2026/561 (Jindal), L/SURV/ONL/PV/AA/2025-2026/558 (Motilal Oswal)

Impact Assessment

Market Impact: Low - These are routine clarifications confirming no material undisclosed information. No specific corporate actions or events disclosed.

Operational Impact: None - Companies confirmed business as usual with no operational changes.

Investor Impact: Minimal - Clarifications provide assurance that price/volume movements are market-driven and not based on undisclosed information, supporting market transparency and investor confidence in disclosure compliance.

Impact Justification

Routine clarifications from companies responding to exchange queries about price/volume movements, confirming no undisclosed material information