Description

BSE circular containing clarifications from Gallantt Ispat Limited, Indigo Paints Limited, and National Aluminium Co. Ltd. regarding significant increase in trading volume of their securities.

Summary

BSE sought clarifications from three companies - Gallantt Ispat Limited (Scrip Code: 532726), Indigo Paints Limited (Scrip Code: 543258), and National Aluminium Co. Ltd. - regarding significant increases in trading volume of their securities. All companies responded that they have no undisclosed price-sensitive information, are compliant with SEBI (LODR) Regulations 2015, and attribute the volume increases to market-driven conditions.

Key Points

  • Gallantt Ispat Limited (Reference: L/SURV/ONL/PV/AA/2025-2026/669) confirmed all necessary disclosures made under Regulation 30 of SEBI LODR
  • Indigo Paints Limited (Reference: L/SURV/ONL/PV/AA/2025-2026/670) stated no impending announcement or corporate action pending
  • All three companies confirmed compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
  • Management of the companies stated they are not connected with the price/volume movement
  • Volume increases attributed to market conditions and combination of various factors
  • Companies committed to continue making timely disclosures as required

Regulatory Changes

No regulatory changes introduced. This is a routine surveillance matter under existing SEBI (LODR) Regulations, 2015.

Compliance Requirements

  • Companies confirmed ongoing compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies to continue making applicable disclosures within stipulated time
  • No additional compliance requirements imposed

Important Dates

  • November 11, 2025: Date of BSE surveillance queries
  • November 11, 2025: Date of company responses (Gallantt Ispat and Indigo Paints)

Impact Assessment

Market Impact: Minimal. These are standard surveillance clarifications that confirm no undisclosed material information exists. The volume increases are attributed to normal market dynamics rather than company-specific developments.

Operational Impact: None. Companies are already compliant with disclosure requirements and no new actions are required.

Investor Impact: Provides transparency that recent trading activity is market-driven and not based on undisclosed corporate developments. Investors can be assured that all material information has been disclosed per regulatory requirements.

Impact Justification

Routine surveillance clarifications where companies confirmed no undisclosed price-sensitive information and attributed volume increases to market conditions