Description
BSE circular containing clarifications from Bluestone Jewellery and Lifestyle Limited, Cubical Financial Services Limited, and Hybrid Financial Services Limited regarding price movements in their securities.
Summary
BSE issued a circular containing clarifications from three companies - Bluestone Jewellery and Lifestyle Limited (Scrip Code: 544484), Cubical Financial Services Limited (Scrip Code: 511710), and Hybrid Financial Services Limited - in response to BSE surveillance queries regarding significant price movements in their securities. All three companies confirmed that they have no unpublished price sensitive information pending disclosure and that the price movements are purely market driven.
Key Points
- Bluestone Jewellery and Lifestyle Limited clarified on October 11, 2025 that there is no unpublished price sensitive information due for disclosure
- Cubical Financial Services Limited responded on October 13, 2025 confirming all material information has been disclosed in compliance with Regulation 30 of SEBI LODR
- Hybrid Financial Services Limited stated that price movements are market driven with no control by the company
- All companies confirmed adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Price movements attributed to investor sentiment, market conditions, and external factors
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Companies must respond to BSE surveillance queries regarding unusual price movements
- Companies must confirm whether there is any undisclosed price sensitive information pending disclosure under Regulation 30 of SEBI LODR
- Companies must clarify reasons for price movements when requested by the exchange
Important Dates
- October 10, 2025: BSE sent surveillance query to Bluestone Jewellery and Lifestyle Limited at 5:51 PM
- October 11, 2025: Bluestone Jewellery and Lifestyle Limited submitted clarification
- October 10, 2025: BSE sent surveillance query to Hybrid Financial Services Limited
- October 13, 2025: Cubical Financial Services Limited and Hybrid Financial Services Limited submitted clarifications
Impact Assessment
Market Impact: Low - These are routine surveillance clarifications with no material undisclosed information. The circular confirms that price movements are market-driven and not based on any company-specific unpublished information.
Investor Impact: Neutral - Provides transparency to investors that the companies have disclosed all material information and price movements are due to normal market dynamics.
Operational Impact: None - No operational changes required. Companies have confirmed compliance with existing disclosure obligations under SEBI LODR Regulation 30.
Impact Justification
Routine clarifications in response to BSE surveillance queries regarding price movements. Companies confirmed no undisclosed price sensitive information and attributed movements to market conditions.