Description

BSE circular containing clarifications from Utkarsh Small Finance Bank, NOCIL Limited, and Zelio E-Mobility Limited regarding price/volume movements and earnings call announcement.

Summary

BSE surveillance sought clarifications from three companies regarding price/volume movements in their scrips. Utkarsh Small Finance Bank and Zelio E-Mobility Limited confirmed that all necessary disclosures have been made and movements are market-driven. NOCIL Limited announced an upcoming earnings call for Q2 & H1 FY26.

Key Points

  • Utkarsh Small Finance Bank Limited: Confirmed all disclosures including ongoing right issue have been made pursuant to SEBI LODR Regulation 30; no undisclosed information affecting price/volume behavior; movement is purely market-driven
  • NOCIL Limited: Announced earnings conference call scheduled for November 3, 2025 at 11:30 AM IST to discuss Q2 & H1 FY26 operational and financial performance
  • Zelio E-Mobility Limited: Response to BSE surveillance query regarding significant volume movement (response appears incomplete in source)
  • All clarifications provided in response to BSE surveillance queries under SEBI LODR Regulations

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to stock exchange surveillance queries regarding unusual price/volume movements
  • Disclosures must be made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Earnings call intimations must be provided under Regulation 30(6) of SEBI LODR

Important Dates

  • October 27, 2025: Date of clarifications from companies
  • November 3, 2025, 11:30 AM IST: NOCIL Limited earnings call for Q2 & H1 FY26

Impact Assessment

Market Impact: Minimal - routine surveillance responses with no material undisclosed information

Operational Impact: None - standard regulatory compliance activity

Investor Impact: Low - confirms transparency in disclosures; NOCIL earnings call provides opportunity for investor engagement

Compliance Impact: Demonstrates companies’ adherence to SEBI LODR disclosure requirements and timely response to exchange queries

Impact Justification

Routine clarifications on price/volume movements and standard earnings call announcement with no material undisclosed information