Description

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

Summary

BSE issued clarification requests to three companies - City Union Bank Limited, Contil India Limited, and Hitachi Energy India Limited - regarding significant price/volume movements in their securities. All three companies confirmed compliance with SEBI LODR Regulation 30 and stated that no undisclosed material information exists that could impact their share prices. The companies attributed the movements to market forces.

Key Points

  • City Union Bank Limited (Scrip Code: 532210) responded to BSE surveillance query ref L/SURV/ONL/PVIA/2025-2026/657 dated November 6, 2025
  • Confirmed timely and accurate disclosures of all material information under SEBI LODR Regulation 30
  • Contil India Limited (Scrip Code: 531067) responded to ref L/SURV/ONL/PV/AA/2025-2026/656
  • Stated share price movement is purely market driven and management is not connected with the price movements
  • Hitachi Energy India Limited (BSE: 543187, NSE: POWERINDIA) responded to ref L/SURV/ONL/PV/AA/2025-2026/658
  • All companies reiterated commitment to continue complying with disclosure requirements

Regulatory Changes

No regulatory changes introduced. This circular documents routine surveillance clarifications under existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Confirmation required that all material information has been disclosed per Regulation 30 of SEBI LODR 2015
  • Companies must declare if any undisclosed information exists that may affect price/volume behavior
  • Timely response to exchange surveillance queries is mandatory

Important Dates

  • November 6, 2025: Date of clarifications submitted by all three companies
  • November 6, 2025: Date of BSE surveillance queries to the companies

Impact Assessment

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

Investor Impact: Low. The clarifications provide assurance that no material information is being withheld and that existing price movements are market-driven.

Compliance Impact: Demonstrates active surveillance by BSE and compliance by listed entities with disclosure obligations under SEBI LODR Regulations.

Operational Impact: None. Standard surveillance procedure with no operational changes required for the companies or market participants.

Impact Justification

Routine surveillance clarifications confirming no material undisclosed information; standard compliance responses to exchange queries about price/volume movements