Description

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

Summary

BSE sought clarifications from HEG Limited (Scrip Code: 509631) and Spandana Sphoorty Financial Limited (Scrip Code: 542759 and 890221) regarding unusual volume movements in their securities on November 12, 2025. Both companies responded that they have no undisclosed material information and are unaware of specific reasons for the price/volume movements. They confirmed that all material information has been disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points

  • HEG Limited confirmed no undisclosed information exists beyond what has been shared with stock exchanges
  • Company is unaware of reasons for price/volume movement in its scrip
  • Spandana Sphoorty Financial Limited stated that volume movements are purely market-driven and influenced by external conditions
  • Both companies reaffirmed commitment to timely disclosure under SEBI Listing Regulations
  • All material disclosures under Regulation 30 have been made within stipulated timeframes
  • Companies cannot comment on market-driven price movements

Regulatory Changes

No regulatory changes announced. This is a routine surveillance matter.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Companies must confirm whether any undisclosed material information exists
  • Continued adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Timely disclosure of all material information under Regulation 30

Important Dates

  • November 12, 2025: Date of BSE surveillance queries and company responses
  • BSE Reference Numbers: L/SURV/ONL/PV/AA/2025-2026/673 (HEG Limited) and L/SURV/ONL/PV/AA/2025-2026/675 (Spandana Sphoorty Financial Limited)

Impact Assessment

Market Impact: Minimal. These are standard surveillance clarifications that confirm no undisclosed material information exists. The responses provide transparency but do not reveal any new information affecting the companies’ operations or performance.

Operational Impact: None. Companies continue normal operations with no changes announced.

Investor Impact: Neutral. Investors are informed that the volume movements are market-driven with no underlying undisclosed corporate developments. Both companies maintain their disclosure obligations as responsible corporate citizens.

Impact Justification

Routine surveillance clarifications with no material information disclosed; companies confirm compliance with disclosure requirements and attribute movements to market forces