Description
Three companies (JK Tyre & Industries Ltd, Kirloskar Oil Engines Limited, and Precision Wires India Limited) provided clarifications to BSE regarding unusual volume/price movements in their securities, confirming no pending price-sensitive information.
Summary
BSE issued surveillance queries to three companies regarding unusual volume or price movements in their securities on October 29, 2025. The companies - JK Tyre & Industries Ltd (Scrip Code: 530007), Kirloskar Oil Engines Limited (Scrip Code: 533293), and Precision Wires India Limited (Company Code: 523539) - responded confirming that they have disclosed all required information under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30. All three companies stated there is no pending announcement or price-sensitive information that could have a bearing on the price/volume behavior of their scrips.
Key Points
- JK Tyre & Industries Ltd received a BSE query on October 29, 2025 at 12:31 PM regarding increased volume in their security
- Kirloskar Oil Engines Limited received surveillance query (ref: L/SURV/ONL/PV/AA/2025-2026/623) dated October 29, 2025
- Precision Wires India Limited provided clarification on price movement to both BSE and NSE
- All three companies confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
- All companies stated no pending price-sensitive information exists
- Companies attributed volume/price movements to normal market conditions and market-driven factors
- All companies committed to continue timely disclosure of any material information as required
Regulatory Changes
No regulatory changes announced. This circular documents routine surveillance activities and compliance responses.
Compliance Requirements
- Companies must respond promptly to BSE surveillance queries regarding unusual price or volume movements
- Confirmation required that all material information has been disclosed per Regulation 30 of SEBI (LODR) Regulations, 2015
- Companies must state whether any pending announcements exist that could impact price/volume behavior
- Commitment to continue timely disclosure of price-sensitive information as per applicable regulations
Important Dates
- October 29, 2025: Date of BSE surveillance queries and company responses
- 12:31 PM, October 29, 2025: Time JK Tyre received the BSE query
Impact Assessment
Market Impact: Minimal. These are routine clarifications with no new material information disclosed. The companies confirmed normal operations with no undisclosed developments.
Investor Impact: Low. No price-sensitive information revealed or withheld. Movement attributed to normal market dynamics.
Operational Impact: None. All three companies confirmed normal operations and performance with all required disclosures made.
Compliance Impact: Demonstrates active surveillance by BSE and prompt compliance responses by listed entities, reinforcing market integrity mechanisms.
Impact Justification
Routine clarifications in response to BSE surveillance queries about volume/price movements. No material information disclosed or withheld. Standard regulatory compliance responses with no impact on operations or future performance.