Description
Companies provide clarifications to BSE regarding recent price and volume movements in their securities, confirming compliance with disclosure requirements and stating no pending material information.
Summary
BSE received clarifications from three companies - Shanthi Gears Limited, Aptus Pharma Limited, and Prism Johnson Ltd - regarding unusual price and/or volume movements in their securities. All companies confirmed that they have complied with Regulation 30 of SEBI LODR Regulations 2015 for disclosure of price-sensitive information and stated that no material information is pending disclosure. The companies clarified that price movements are market-driven and not influenced by undisclosed material events.
Key Points
- Shanthi Gears Limited (BSE Scrip: 522034) responded to BSE letter dated October 21, 2025 regarding increase in trading volume
- Aptus Pharma Limited (BSE Scrip: 544529) responded to BSE letter dated October 17, 2025 regarding price movement
- Prism Johnson Ltd response date October 21, 2025 (letter appears incomplete in source document)
- All companies confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies stated no price-sensitive information is pending disclosure to stock exchanges
- Aptus Pharma specifically noted that price movement is purely market-driven with no management involvement
Regulatory Changes
No regulatory changes announced. This circular relates to routine compliance with existing Regulation 30 of SEBI LODR Regulations 2015.
Compliance Requirements
- Companies are required to respond promptly to stock exchange queries regarding unusual price or volume movements
- Companies must confirm whether any undisclosed material information exists that could impact security prices
- Ongoing obligation to disclose price-sensitive information in timely manner under Regulation 30 of SEBI LODR
Important Dates
- October 17, 2025: BSE query sent to Aptus Pharma Limited
- October 18, 2025: Aptus Pharma Limited response submitted
- October 21, 2025: BSE query sent to Shanthi Gears Limited; response submitted same day
- October 21, 2025: Prism Johnson Ltd response date
Impact Assessment
Market Impact: Low - These are routine clarifications with no new material information disclosed. Companies confirmed normal market operations.
Investor Impact: Low - No undisclosed material events affecting these companies. Provides reassurance that companies are compliant with disclosure norms.
Compliance Impact: Low - Standard regulatory procedure where exchanges seek clarifications on unusual price/volume movements to ensure market integrity and timely disclosure.
Impact Justification
Routine clarifications provided by companies in response to BSE queries about price/volume movements. No new material information disclosed, companies confirm compliance with existing disclosure norms.