Description

Companies clarify that volume and price movements are market-driven with no undisclosed price-sensitive information.

Summary

BSE Surveillance requested clarifications from multiple companies regarding significant volume movements in their scrips. Four companies - Venky’s (India) Limited, AVT Natural Products Limited, Lodha Developers Limited, and Megastar Foods Limited - responded confirming that they have no undisclosed price-sensitive information or pending announcements that could have caused the volume/price movements. All companies stated that the movements are purely market-driven.

Key Points

  • Venky’s (India) Limited confirmed no undisclosed information/announcement which may have bearing on price behavior and volume (response dated November 1, 2025)
  • AVT Natural Products Limited clarified no pending price-sensitive information; all material events disclosed as per Regulation 30 of SEBI LODR (response dated November 3, 2025)
  • Lodha Developers Limited (formerly Macrotech Developers) stated movement is not attributable to any internal event and is market-driven (response dated November 3, 2025)
  • Megastar Foods Limited responded to BSE surveillance query (reference MFL/CS/2025-26/31 dated November 1, 2025)
  • All companies confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Regulatory Changes

No regulatory changes introduced. This circular documents routine surveillance activities under existing SEBI LODR Regulation 30 requirements.

Compliance Requirements

  • Companies must respond promptly to stock exchange surveillance queries regarding unusual volume/price movements
  • Companies must confirm whether any undisclosed material information exists that could explain market movements
  • All material events must be disclosed immediately as per Regulation 30 of SEBI LODR 2015
  • Companies must maintain transparency regarding operations and performance that have bearing on stock price

Important Dates

  • November 1, 2025: Venky’s (India) Limited response submitted
  • November 3, 2025: AVT Natural Products Limited response submitted
  • November 3, 2025: Lodha Developers Limited response submitted
  • November 1, 2025: Megastar Foods Limited response dated

Impact Assessment

Minimal market impact. This is a routine surveillance activity where BSE monitors unusual trading patterns and seeks clarifications from companies. All four companies confirmed no material undisclosed information, indicating that the volume movements were driven by normal market forces rather than corporate events. The circular serves as a transparency mechanism to ensure investor protection and market integrity. No trading restrictions, penalties, or material changes to company operations are indicated.

Impact Justification

Routine surveillance clarifications confirming no undisclosed material information; purely market-driven movements