Description

BSE circular containing clarifications from City Union Bank Limited, Contil India Limited, and Hitachi Energy India Limited regarding significant price/volume movements in their securities.

Summary

BSE Surveillance issued queries to three companies regarding significant price/volume movements in their securities. City Union Bank Limited (Scrip Code: 532210), Contil India Limited (Scrip Code: 531067), and Hitachi Energy India Limited (Scrip Code: 543187, NSE: POWERINDIA) responded confirming they have made all necessary disclosures under SEBI LODR Regulations 2015 and have no undisclosed material information that could affect price/volume behavior.

Key Points

  • City Union Bank Limited confirmed timely disclosure of all material information under Regulation 30 of SEBI LODR Regulations 2015
  • City Union Bank stated no undisclosed information/announcement exists that may bear on price/volume behavior
  • Contil India Limited clarified the price movement is purely market-driven and management is not connected with share price movements
  • Contil India Limited reiterated commitment to compliance with Listing Regulations and applicable laws
  • Hitachi Energy India Limited confirmed it intimates exchanges of all events/information having bearing on operations/performance as per Regulation 30
  • All three companies responded to BSE Surveillance letters dated November 6, 2025

Regulatory Changes

No regulatory changes introduced. This circular documents routine surveillance monitoring and company responses.

Compliance Requirements

  • Companies must respond to BSE Surveillance queries regarding abnormal price/volume movements
  • Companies must confirm compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies must disclose if any undisclosed material information exists that could impact share price/volume
  • Timely and accurate disclosure of all material information affecting operations/performance is mandatory

Important Dates

  • November 6, 2025: Date of clarification letters from all three companies
  • November 6, 2025: Date of BSE Surveillance queries (City Union Bank ref: L/SURV/ONL/PV/AA/2025-2026/657; Contil India ref: L/SURV/ONL/PV/AA/2025-2026/656; Hitachi Energy ref: L/SURV/ONL/PV/AA/2025-2026/658)

Impact Assessment

Market Impact: Minimal. These are routine surveillance clarifications confirming no undisclosed material information exists. The responses indicate normal market activity rather than company-specific developments.

Operational Impact: No operational changes for the companies or market participants.

Investor Impact: Provides transparency that recent price/volume movements are market-driven without underlying undisclosed corporate actions or material events. Confirms companies are compliant with disclosure norms.

Compliance Impact: Demonstrates BSE’s active surveillance mechanism and companies’ adherence to disclosure requirements under SEBI LODR Regulations.

Impact Justification

Routine surveillance clarifications with no material undisclosed information or regulatory violations. Companies confirmed compliance with disclosure requirements and stated movements are market-driven.