Description

Companies provide clarifications to BSE regarding increased volume/price movements in their securities, confirming no pending price-sensitive information.

Summary

BSE received clarifications from three companies - JK Tyre & Industries Ltd, Kirloskar Oil Engines Limited, and Precision Wires India Limited - in response to surveillance queries regarding increased volume/price movements in their securities. All companies confirmed they have disclosed all required events and information under SEBI LODR Regulations 2015, and there is no pending announcement that may impact price/volume behavior.

Key Points

  • JK Tyre & Industries Ltd (Scrip Code: 530007) responded to BSE email dated 29th October 2025 regarding increase in volume
  • Kirloskar Oil Engines Limited (BSE Scrip Code: 533293) responded to BSE Surveillance reference L/SURV/ONL/PV/AA/2025-2026/623
  • Precision Wires India Limited (Company Code: 523539) provided clarification on price movement
  • All companies confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • All companies stated no pending price-sensitive information or announcements
  • Companies attributed price/volume movements to market conditions and market-driven factors
  • All companies committed to continue timely disclosure of price-sensitive information

Regulatory Changes

No regulatory changes announced. This circular documents routine surveillance clarifications under existing SEBI LODR Regulations 2015.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Companies must confirm compliance with Regulation 30 disclosure requirements
  • Companies must explicitly state whether any pending announcements may impact price/volume behavior
  • Companies must commit to ongoing timely disclosure obligations

Important Dates

  • 29th October 2025: Date of clarifications provided by all three companies
  • 29th October 2025 (12:31 PM): Time of BSE query to JK Tyre & Industries Ltd

Impact Assessment

Market Impact: Minimal to none. These are routine clarifications confirming no undisclosed material information. The price/volume movements are attributed to normal market conditions.

Operational Impact: No operational changes for the companies involved. Standard surveillance compliance activity.

Investor Impact: Provides reassurance to investors that companies are complying with disclosure norms and no material information is being withheld. Confirms that recent trading activity is market-driven rather than based on undisclosed developments.

Impact Justification

Routine clarifications confirming no undisclosed price-sensitive information; no material impact on operations or market