Description
BSE circular containing clarifications from Niraj Cement Structurals Limited, Foseco India Limited, and Kernex Microsystems (India) Ltd regarding price/volume movements in their securities.
Summary
BSE Surveillance Department received clarifications from three companies - Niraj Cement Structurals Limited (Script Code: 532986), Foseco India Limited (Scrip Code: 500150), and Kernex Microsystems (India) Ltd (Scrip Code: 532686) - regarding unusual price and volume movements in their securities. All companies confirmed compliance with SEBI LODR Regulation 30 disclosure requirements and stated that no material undisclosed information exists that could affect their stock price or trading volume.
Key Points
- Niraj Cement Structurals Limited responded to BSE’s query dated October 14, 2025 regarding price movement
- Foseco India Limited addressed queries from both NSE (letter number NSE/CM/Surveillance/15972) and BSE (reference L/SURV/ONL/PV/AA/2025-2026/578) regarding significant volume increase
- Kernex Microsystems (India) Ltd provided clarification on price/volume behavior
- All three companies confirmed timely disclosure of all material events per Regulation 30 of SEBI (LODR) Regulations, 2015
- Companies stated that price/volume movements appear to be market-driven and beyond their control
- No withheld material information or pending announcements disclosed by any company
Regulatory Changes
No regulatory changes introduced. This circular documents routine surveillance activities and company responses.
Compliance Requirements
- Companies must continue to make timely disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015
- Companies must respond promptly to surveillance queries from stock exchanges
- All material events or price-sensitive information must be disclosed accurately and in a timely manner
Important Dates
- October 14, 2025: BSE/NSE surveillance queries sent to companies
- October 14, 2025: Niraj Cement Structurals Limited response dated
- October 15, 2025: Foseco India Limited response dated
- October 15, 2025: Kernex Microsystems (India) Ltd response dated
Impact Assessment
Market Impact: Low - These are routine surveillance clarifications with no disclosure of new material information.
Investor Impact: Minimal - The clarifications confirm that recent price/volume movements are market-driven with no undisclosed corporate developments.
Operational Impact: None - No operational changes or restrictions imposed on the companies.
Trading Impact: No trading restrictions or special surveillance measures announced for these securities beyond standard monitoring.
Impact Justification
Routine surveillance clarifications from companies confirming no undisclosed material information affecting price/volume movements