Description

Companies respond to BSE queries regarding significant price and volume movements in their securities, confirming compliance with disclosure requirements and stating movements are market-driven.

Summary

BSE issued clarification requests to multiple companies regarding unusual price and volume movements in their securities on October 10, 2025. Three companies - Jindal Worldwide Limited (Security Code: 531543), Motilal Oswal Financial Services Limited (Security Code: 532892), and Palred Technologies Limited (BSE Scrip Code: 532521, NSE Scrip Code: PALREDTEC) - responded confirming compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All companies stated there is no undisclosed price-sensitive information and attributed the price/volume movements to prevailing market conditions.

Key Points

  • BSE surveillance team sent clarification requests (reference numbers L/SURV/ONL/PV/AA/2025-2026/561 and 558) to companies regarding price/volume movements
  • Jindal Worldwide Limited confirmed all material events have been disclosed within stipulated time under Regulation 30
  • Motilal Oswal Financial Services Limited stated no Unpublished Price Sensitive Information (UPSI) exists
  • All companies confirmed no pending announcements or corporate actions requiring disclosure
  • Companies assert movements are purely market-driven due to prevailing market conditions
  • No internal events or information at management/KMP level affecting operations or performance

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015 must be met
  • Companies must confirm whether any UPSI or pending announcements exist
  • Companies must state awareness of any internal factors affecting share price movements
  • Authorized signatories (Company Secretary & Compliance Officer) must submit responses

Important Dates

  • October 10, 2025: Date of BSE clarification requests and company responses

Impact Assessment

Market Impact: Low - These are routine surveillance clarifications with no material disclosures. The companies confirmed no pending announcements or undisclosed information, indicating normal market activity.

Operational Impact: None - No operational changes or corporate actions announced.

Investor Impact: Neutral - Investors are informed that price/volume movements are market-driven with no underlying corporate developments. This provides transparency but no actionable information.

Compliance Impact: Standard - Companies demonstrated compliance with disclosure obligations under SEBI regulations by promptly responding to exchange queries.

Impact Justification

Routine surveillance clarifications with no material announcements or events disclosed; companies confirm compliance and attribute movements to market conditions