Description

BSE receives clarifications from Astral Limited, CCL Products (India) Limited, and Gujarat Pipavav Port Limited regarding significant increase in trading volumes across exchanges.

Summary

BSE received clarifications from three companies - Astral Limited (Scrip Code: 532830), CCL Products (India) Limited (Scrip Code: 519600), and Gujarat Pipavav Port Limited - in response to the exchange’s surveillance queries about significant increases in trading volumes. All three companies confirmed they have made timely disclosures of material information as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and attributed the volume increases to market-driven factors.

Key Points

  • Astral Limited responded to BSE reference L/SURV/ONL/PV/AA/2025-2026/665 regarding volume movement inquiry
  • Company confirmed all material events and information have been disclosed to stock exchanges in compliance with Regulation 30 of SEBI LODR Regulations
  • Volume increase appears to be market driven and may be influenced by increase in public float over time
  • CCL Products (India) Limited responded to BSE reference L/SURV/ONL/PV/AA/2025-2026/664
  • Company confirmed prompt disclosure of all material information within stipulated time
  • Volume movement attributed to market factors, including recent financial results disclosure and market conditions
  • Management confirmed no connection with the volume movement
  • Gujarat Pipavav Port Limited responded to BSE reference L/SURV/ONL/PV/AA/2025-2026/662
  • Company held Board Meeting on 5th November 2025 to approve Unaudited Financial Results for Q2 and H1 FY2026 (quarter and half year ended 30th September 2025)

Regulatory Changes

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

Compliance Requirements

  • Companies reaffirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • All companies confirmed timely disclosure of material information affecting operations and performance
  • Companies must respond to BSE surveillance queries regarding unusual volume movements

Important Dates

  • 7th November 2025: Date of clarification letters from all three companies
  • 5th November 2025: Gujarat Pipavav Port Limited Board Meeting to approve Q2/H1 FY2026 financial results

Impact Assessment

Market Impact: Low - The volume movements are confirmed to be market-driven rather than related to undisclosed material information. No price or trading restrictions imposed.

Operational Impact: None - These are routine surveillance queries and responses. No operational changes required.

Investor Impact: Low - The clarifications provide transparency that no material undisclosed information exists, and companies remain compliant with disclosure obligations. The volume increases for Astral Limited may be partially attributed to increased public float over time, which is a normal corporate development.

Impact Justification

Routine surveillance clarifications from companies confirming compliance with disclosure requirements and attributing volume increases to market-driven factors. No new regulatory requirements or material operational changes disclosed.