Description

Companies provide clarifications to BSE regarding significant increase in trading volume of their securities, stating movements are market-driven with no undisclosed price-sensitive information.

Summary

BSE sought clarifications from multiple companies regarding significant increase in trading volume of their securities. Three companies - Gallantt Ispat Limited (Scrip Code: 532726), Indigo Paints Limited (Scrip Code: 543258), and National Aluminium Co. Ltd. - responded confirming compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and stating that volume movements are purely market-driven with no undisclosed price-sensitive information.

Key Points

  • BSE issued surveillance queries to companies regarding significant volume increase under reference L/SURV/ONL/PV/AA/2025-2026/669 and 670
  • All three companies confirmed full compliance with SEBI (LODR) Regulations, 2015
  • Companies stated no undisclosed material information or impending announcements exist
  • Volume increase attributed to market conditions and various market factors
  • Management of companies stated they are not connected with price/volume movements
  • Companies committed to continue timely disclosures as per regulatory requirements

Regulatory Changes

No regulatory changes announced. This circular documents company responses to routine surveillance measures.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Companies must confirm compliance with SEBI (LODR) Regulations, 2015
  • Companies must disclose if any material events or price-sensitive information exists
  • Continued obligation to make timely disclosures of material events within stipulated timeframes

Important Dates

  • November 11, 2025: BSE issued surveillance queries
  • November 11, 2025: Companies submitted clarifications

Impact Assessment

Market Impact: Minimal. The clarifications indicate normal market activity with no material undisclosed information. The volume increases are attributed to regular market forces.

Investor Impact: Neutral. Investors are informed that price/volume movements are market-driven and not based on undisclosed corporate developments.

Compliance Impact: Demonstrates active surveillance by BSE and responsive compliance by listed entities in providing timely clarifications on market movements.

Impact Justification

Routine clarifications from companies in response to BSE surveillance queries about volume increase, with no material information disclosed or compliance issues identified