Description

Clarifications from Genesys International, MRPL, and Pokarna Limited regarding spurt in trading volumes following BSE surveillance queries.

Summary

BSE published clarifications from three companies - Genesys International Corporation Limited (Scrip: 506109), Mangalore Refinery and Petrochemicals Limited (Scrip: 500109), and Pokarna Limited (Scrip: 532486) - responding to surveillance queries regarding significant increase in trading volumes on October 16-17, 2025.

Key Points

  • Genesys International: Clarified that volume spike was related to disclosure of order secured from Tata Motor Passenger Vehicles Limited, disclosed on October 17, 2025 after receiving consent from customer based on Non-Disclosure Agreement
  • MRPL: Confirmed no unpublished price sensitive information pending disclosure under Regulation 30 of SEBI LODR 2015; volume movement is market driven
  • Pokarna Limited: Responded to BSE surveillance query via email dated October 17, 2025 regarding volume movement (full response text incomplete in source)
  • All clarifications issued in response to BSE surveillance team queries under reference L/SURV/ONL/PV/AA/2025-2026

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

  • Companies must respond to stock exchange surveillance queries regarding abnormal price or volume movements
  • Disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 must be fulfilled
  • Material information disclosure subject to customer consent and Non-Disclosure Agreement provisions where applicable

Important Dates

  • October 16, 2025: BSE surveillance queries issued (reference L/SURV/ONL/PV/AA/2025-2026/580, 584)
  • October 17, 2025: Companies submitted clarifications to BSE; Genesys disclosed Tata Motors order information

Impact Assessment

Market Impact: Low - Clarifications confirm either market-driven movements or already disclosed information. No new material price-sensitive information revealed that would affect trading.

Operational Impact: Minimal - Routine surveillance and disclosure compliance process. Demonstrates exchange oversight functioning normally.

Investor Impact: Informational only - Provides transparency on reasons for volume spikes, confirming no hidden material developments.

Impact Justification

Routine surveillance clarifications with no material unpublished information disclosed. Companies confirmed market-driven movements or disclosed information as per agreements.