Description

Clarifications from Bombay Burmah Trading Corporation Limited and Tarapur Transformers Limited regarding volume and price movement queries from BSE surveillance.

Summary

BSE has published clarifications received from two companies - The Bombay Burmah Trading Corporation Limited (Scrip Code: 501425) and Tarapur Transformers Limited (Stock Code: 533203) - in response to surveillance queries regarding unusual volume and price movements. Both companies confirmed that all material information has been disclosed in accordance with SEBI Listing Regulations and that they have no undisclosed price sensitive information. The companies attributed the market movements to general market conditions beyond their control.

Key Points

  • The Bombay Burmah Trading Corporation Limited responded to BSE surveillance query dated October 20, 2025 (ref: L/SURV/ONL/PV/UN/2025-2026/589) regarding volume movement
  • Company confirmed all disclosures under Regulation 30 of SEBI LODR 2015 have been made on time
  • No price sensitive information pending disclosure
  • Company stated it does not know the reasons for increase in volume
  • Tarapur Transformers Limited responded to BSE query (ref: L/SURV/ONL/PV/AJ/2025-2026/3153) and NSE query (ref: NSE/CM/Surveillance/15980) dated October 16, 2025
  • Tarapur confirmed all material information has been disclosed as per Regulation 30 of SEBI LODR 2015
  • Price movement attributed to market conditions with no company control or knowledge of specific reasons
  • Both companies reaffirmed commitment to compliance with Listing Regulations

Regulatory Changes

No regulatory changes announced. This circular publishes routine surveillance clarifications.

Compliance Requirements

  • Companies must respond to BSE/NSE surveillance queries regarding unusual price or volume movements
  • Companies must confirm compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies must disclose if any undisclosed price sensitive information exists
  • Responses must be submitted through authorized signatories (Company Secretary/Director)

Important Dates

  • October 20, 2025: Bombay Burmah Trading Corporation submitted clarification
  • October 17, 2025: Tarapur Transformers Limited submitted clarification
  • October 20, 2025: BSE surveillance query to Bombay Burmah (ref: L/SURV/ONL/PV/UN/2025-2026/589)
  • October 16, 2025: BSE and NSE surveillance queries to Tarapur Transformers

Impact Assessment

Market Impact: Low - These are routine surveillance clarifications with no new material information disclosed. Both companies confirmed no pending disclosures, suggesting movements are driven by normal market dynamics.

Investor Impact: Low - Investors are informed that no undisclosed corporate developments exist. The clarifications provide transparency that observed price/volume changes are market-driven rather than company-specific events.

Compliance Impact: Standard surveillance mechanism demonstrating exchange oversight is functioning. Companies have met their obligation to respond to surveillance queries and reaffirm compliance with disclosure norms.

Impact Justification

Routine surveillance clarifications from companies confirming no undisclosed price sensitive information and attributing movements to market conditions