Description

HEG Limited and Spandana Sphoorty Financial Limited provide clarifications to BSE regarding unusual volume movement in their shares, stating no undisclosed material information exists.

Summary

BSE Limited received clarifications from HEG Limited (Scrip Code: 509631) and Spandana Sphoorty Financial Limited (Scrip Code: 542759 and 890221) dated November 12, 2025, in response to BSE Surveillance queries regarding unusual volume movement in their shares. Both companies confirmed that all material information has been disclosed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and they are unaware of any specific reasons for the price/volume movement in their scrips.

Key Points

  • HEG Limited responded to BSE Surveillance email ref. L/SURV/ONL/PV/AA/2025-2026/673 dated November 12, 2025
  • Spandana Sphoorty Financial Limited responded to BSE email ref. L/SURV/ONL/PV/AA/2025-2026/675 dated November 12, 2025
  • Both companies confirmed no undisclosed material information exists that could explain the volume movement
  • All required disclosures under Regulation 30 of SEBI Listing Regulations have been made timely
  • Companies attribute volume movement to market-driven factors and external conditions
  • Both entities reaffirmed commitment to continue timely disclosures as per regulatory requirements

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to BSE Surveillance queries regarding unusual price/volume movements
  • Entities are required to confirm compliance with SEBI (LODR) Regulations, 2015
  • Companies must state whether any undisclosed material information exists that may affect share price/volume
  • Commitment to ongoing disclosure obligations under Regulation 30 of Listing Regulations

Important Dates

  • November 12, 2025: Date of clarification letters from both HEG Limited and Spandana Sphoorty Financial Limited
  • November 12, 2025: Date of BSE Surveillance queries

Impact Assessment

Market Impact: Minimal. These are routine surveillance clarifications with no new material information disclosed. The clarifications provide assurance to investors that companies are compliant with disclosure norms.

Operational Impact: None. Both companies continue normal operations and disclosure practices.

Investor Impact: Low. Clarifications confirm that unusual volume movements are market-driven and not based on undisclosed material information, providing transparency to investors and maintaining market confidence in the disclosure framework.

Impact Justification

Routine surveillance clarifications with no new material information disclosed; companies confirm compliance with existing disclosure norms