Description

BSE surveillance clarifications from Astral Limited, CCL Products (India) Limited, and Gujarat Pipavav Port Limited regarding volume movements in their securities.

Summary

BSE surveillance department 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 inquiries about significant increases in trading volumes of their securities. All companies confirmed they have made timely disclosures of all material information under SEBI (LODR) 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 increase
  • CCL Products responded to BSE reference L/SURV/ONL/PV/AA/2025-2026/664 regarding volume increase
  • Gujarat Pipavav Port Limited responded to BSE reference L/SURV/ONL/PV/AA/2025-2026/662 regarding volume increase
  • All companies confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • All companies stated no undisclosed material information affecting operations or performance
  • Astral Limited noted that increased public float over time may have contributed to volume increase
  • CCL Products attributed movement to combination of factors including recent financial results disclosure
  • Gujarat Pipavav Port Limited mentioned Board Meeting on November 5, 2025 for Q2 FY2026 results approval

Regulatory Changes

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

Compliance Requirements

  • Companies must respond to BSE surveillance inquiries regarding unusual price or volume movements
  • Companies must confirm timely disclosure of all material information under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies must clarify whether any undisclosed information exists that could explain market movements

Important Dates

  • November 7, 2025: Date of clarifications from all three companies
  • November 5, 2025: Gujarat Pipavav Port Limited Board Meeting for Q2 FY2026 results approval

Impact Assessment

Minimal market impact as these are routine surveillance clarifications with no new material information disclosed. The volume increases in all three stocks have been attributed to normal market dynamics rather than any undisclosed corporate developments. Investors should note that all companies have confirmed compliance with disclosure requirements and there is no pending material information.

Impact Justification

Routine surveillance clarifications from companies explaining increased trading volumes as market-driven with no undisclosed material information