Description

Four companies provide clarifications to BSE regarding volume movements in their shares, confirming no undisclosed price-sensitive information.

Summary

BSE received clarifications from four companies - Venky’s (India) Limited, AVT Natural Products Limited, Lodha Developers Limited, and Megastar Foods Limited - in response to surveillance queries regarding unusual volume movements in their shares. All companies confirmed that there is no undisclosed price-sensitive information or pending announcements that could have caused the volume fluctuations. The companies stated that the movements are purely market-driven and all material information has been disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points

  • Venky’s (India) Limited responded to BSE email dated October 31, 2025, confirming no undisclosed information or impending announcements affecting price behavior
  • AVT Natural Products Limited clarified on November 3, 2025, that all events bearing on operations/performance have been disclosed under Regulation 30 of SEBI LODR
  • Lodha Developers Limited (formerly Macrotech Developers Limited) stated the volume movement is not attributable to any internal event and is market-driven
  • Megastar Foods Limited also provided clarification regarding volume movements
  • All companies emphasized prompt disclosure practices and compliance with regulatory requirements

Regulatory Changes

No regulatory changes announced. This circular documents routine surveillance responses.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual volume or price movements
  • Companies must confirm whether there is any undisclosed price-sensitive information under Regulation 30 of SEBI LODR 2015
  • Companies must clarify if pending announcements could have bearing on share price behavior

Important Dates

  • October 31, 2025: BSE surveillance email to Venky’s (India) Limited
  • November 1, 2025: Response from Venky’s (India) Limited
  • November 3, 2025: BSE surveillance email to AVT Natural Products Limited and Lodha Developers Limited
  • November 3, 2025: Responses from AVT Natural Products Limited and Lodha Developers Limited

Impact Assessment

Market Impact: Minimal. These are routine surveillance clarifications that confirm no material undisclosed information exists for the affected companies.

Operational Impact: No operational changes required. Companies have confirmed compliance with existing disclosure norms.

Investor Impact: Provides transparency that volume movements are market-driven rather than based on insider information or pending material announcements. Reinforces that companies are current with their disclosure obligations under SEBI regulations.

Impact Justification

Routine surveillance clarifications with no material information disclosed; companies confirm volume movements are market-driven with no pending announcements