Description

BSE circular containing clarifications from Zen Technologies Limited and Advance Agrolife Limited regarding recent spurts in trading volume and price movements in their respective scrips.

Summary

BSE requested clarifications from Zen Technologies Limited (Scrip Code: 533339) and Advance Agrolife Limited (Scrip Code: 544562) regarding unusual spurts in trading volume and price movements in their securities. Both companies confirmed they have been compliant with SEBI Listing Regulations and have no undisclosed material information that could explain the trading activity. The companies attribute the volume increases to normal market-driven conditions.

Key Points

  • Zen Technologies Limited responded to BSE’s inquiry dated October 28, 2025 regarding increased trading volume
  • Advance Agrolife Limited responded to inquiries from both BSE and NSE dated October 27, 2025 regarding price movement
  • Both companies confirmed full compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Both companies stated they have no undisclosed price sensitive information
  • All material events and information have been disclosed to exchanges within statutory timelines
  • Companies make all disclosures available on their respective websites for investor access
  • Volume and price movements attributed to market conditions beyond company control

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must continue to comply with Regulation 30 of SEBI Listing Regulations
  • All price sensitive information must be disclosed within statutory timelines
  • Disclosures must be made available on company websites for investor access
  • Companies must respond promptly to exchange inquiries regarding unusual trading activity

Important Dates

  • October 27, 2025: NSE and BSE inquiry sent to Advance Agrolife Limited
  • October 28, 2025: BSE inquiry sent to Zen Technologies Limited
  • October 28, 2025: Both companies submitted their clarifications

Impact Assessment

Market Impact: Low. These are routine surveillance inquiries and responses with no material non-public information disclosed. The clarifications confirm that recent trading activity is market-driven rather than based on undisclosed corporate developments.

Investor Impact: Minimal. Investors are assured that no material information has been withheld and all disclosures have been made in compliance with regulations.

Operational Impact: None. This is a standard disclosure and clarification process with no operational implications for the companies involved.

Impact Justification

Routine clarifications by companies confirming no undisclosed price sensitive information; volume increases attributed to market conditions