Description

BSE received clarifications from Gallantt Ispat Limited and Studds Accessories Limited regarding significant increase in trading volume of their securities.

Summary

BSE Limited received clarifications from Gallantt Ispat Limited (Scrip Code: 532726) and Studds Accessories Limited (Scrip Code: 544599) in response to exchange queries regarding significant increases in trading volume of their securities on November 19, 2025. Both companies confirmed that all necessary disclosures have been made under SEBI Listing Regulations and no material price-sensitive information is pending disclosure. The companies attributed the volume movement to market-driven factors and market conditions.

Key Points

  • Gallantt Ispat Limited responded to BSE reference L/SURV/ONL/PV/SK/2025-2026/1684 regarding volume spike
  • Studds Accessories Limited responded to BSE reference L/SURV/ONL/PV/SK/2025-2026/685 regarding volume spike
  • Both companies confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • No material information or price-sensitive events pending disclosure
  • Companies stated that price/volume movement is purely market-driven
  • Management not connected with the movement in share prices/volumes
  • Both companies have robust systems for regulatory compliance

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies required to respond to BSE surveillance queries regarding unusual volume activity
  • Confirmation of compliance with Regulation 30 of SEBI Listing Regulations regarding timely disclosure of material events
  • Declaration that no undisclosed price-sensitive information exists

Important Dates

  • November 19, 2025: Date of BSE surveillance query and company responses

Impact Assessment

Market Impact: Low - This is a routine surveillance exercise where companies clarify unusual trading activity. No new material information disclosed.

Investor Impact: Low - Provides assurance that volume spikes are market-driven and not due to undisclosed material events.

Operational Impact: None - Standard compliance procedure with no operational changes required.

Stocks Affected:

  • Gallantt Ispat Limited (Scrip Code: 532726) - CIN: L27109UP2015PLC195550
  • Studds Accessories Limited (Scrip Code: 544599) - CIN: U25208HR1983PLC015135

Impact Justification

Routine surveillance clarifications from companies confirming no material undisclosed information and attributing volume changes to market conditions