Description

BSE circular containing clarifications from Adani Green Energy Limited, Adani Total Gas Limited, and Arigato Universe Limited regarding movement in share price and volume.

Summary

BSE sought clarifications from three companies regarding unusual movements in their share prices and trading volumes. Adani Green Energy Limited (Scrip Code: 541450), Adani Total Gas Limited (Scrip Code: 542066), and Arigato Universe Limited (BSE Code: 530267) responded stating that the movements were purely market-driven with no material undisclosed information. All companies confirmed compliance with SEBI LODR Regulation 30 disclosure requirements.

Key Points

  • BSE issued surveillance queries to three companies on October 28-30, 2025 regarding share price/volume movements
  • Adani Green Energy Limited clarified that volume movement is purely due to market conditions and management has no knowledge of specific reasons
  • Adani Total Gas Limited stated that share volume/price movement is absolutely market driven with no management control or knowledge
  • Arigato Universe Limited responded to price movement query confirming all material information has been disclosed
  • All three companies reiterated their commitment to timely disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies confirmed they have made and will continue to make all relevant disclosures as required under Regulation 30

Regulatory Changes

No regulatory changes announced. This circular documents routine surveillance activities and company responses.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Companies must confirm compliance with SEBI LODR Regulation 30 regarding material event disclosures
  • Management must clarify whether they have knowledge of any undisclosed material information affecting share price movements
  • Companies must maintain commitment to timely and accurate disclosures

Important Dates

  • October 28, 2025: BSE query sent to Arigato Universe Limited
  • October 30, 2025: BSE queries sent to Adani Green Energy Limited (ref: L/SURV/ONL/PV/AA/2025-2026/630) and Adani Total Gas Limited (ref: L/SURV/ONL/PV/AA/2025-2026/626)
  • October 30, 2025: All three companies submitted their clarifications

Impact Assessment

Market Impact: Low - These are routine surveillance clarifications with no material new information disclosed. The companies confirmed that price/volume movements are market-driven.

Investor Impact: Low - No undisclosed material events were identified. Investors can be assured that companies are complying with disclosure norms.

Compliance Impact: Low - Standard surveillance process demonstrating BSE’s ongoing monitoring of unusual trading activity. Companies demonstrated compliance with disclosure requirements.

Operational Impact: None - No operational changes or issues identified. Companies continue normal business operations.

Impact Justification

Routine clarifications provided by companies in response to BSE surveillance queries about share price/volume movements. Companies attribute movements to market conditions with no material undisclosed information.