Description
BSE received clarifications from multiple companies regarding significant price and volume movements in their securities, confirming no pending price-sensitive information.
Summary
BSE received clarifications from three companies - Narayana Hrudayalaya Limited, Anand Rathi Share and Stock Brokers Limited, and B.C. Power Controls Limited - in response to surveillance queries regarding significant price and volume movements in their securities. All companies confirmed that they have made timely disclosures in accordance with SEBI LODR Regulations 2015, have no pending price-sensitive information, and attribute the price/volume movements to market-driven conditions.
Key Points
- Narayana Hrudayalaya Limited (Scrip Code: 539551, 975516, 976418): Responded to BSE surveillance query dated November 18, 2025 (Ref: L/SURV/ONL/PV/AA/2025-2026/683) regarding significant volume movement
- Anand Rathi Share and Stock Brokers Limited (Scrip Code: 544530): Responded to BSE query dated November 17, 2025 (Ref: L/SURV/ONL/PV/AJ/2025-2026/3175) regarding significant price movement
- B.C. Power Controls Limited (Scrip Code: 537766, ISIN: INE905P01028): Provided clarification on price movement dated November 18, 2025
- All companies confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- No pending information or announcements that could have bearing on price/volume behavior
- Price and volume movements attributed to market conditions and are market-driven
Regulatory Changes
No regulatory changes announced. This circular documents routine compliance with existing disclosure requirements under SEBI LODR Regulations 2015.
Compliance Requirements
- Companies must respond to BSE surveillance queries regarding unusual price/volume movements
- Companies must confirm whether all material events have been disclosed in accordance with Regulation 30 of SEBI LODR 2015
- Companies must clarify if any pending price-sensitive information exists that could explain market movements
- Disclosures must be made timely and accurately to stock exchanges
Important Dates
- November 17, 2025: BSE surveillance query sent to Anand Rathi Share and Stock Brokers Limited
- November 18, 2025: BSE surveillance query sent to Narayana Hrudayalaya Limited
- November 18, 2025: Clarifications submitted by all three companies
Impact Assessment
Market Impact: Low - These are routine surveillance clarifications confirming no undisclosed material information. The price/volume movements are confirmed to be market-driven with no fundamental corporate developments.
Investor Impact: Low - Provides transparency that the observed price movements are not based on any undisclosed company-specific information, affirming market integrity.
Operational Impact: None - No changes to company operations or disclosure practices. Standard surveillance and compliance process.
Compliance Impact: Standard - Demonstrates functioning of BSE’s surveillance mechanism and companies’ adherence to disclosure obligations under SEBI LODR Regulations.
Impact Justification
Routine surveillance clarifications confirming no undisclosed price-sensitive information; movements attributed to market forces with no material impact on operations or compliance.