Description

Three companies respond to BSE queries regarding significant increase in trading volumes, clarifying that increases are market-driven with no undisclosed material information.

Summary

BSE issued surveillance queries to L&T Technology Services Limited (BSE: 540115), LTIMindtree Limited (BSE: 540005), and Venus Remedies Limited (BSE: 526953) regarding significant increases in trading volumes. All three companies responded on November 20, 2025, confirming they have no undisclosed material information and are compliant with SEBI disclosure requirements under Regulation 30. The companies indicated the volume increases are market-driven and noted that the IT sector as a whole experienced significant movement.

Key Points

  • BSE issued surveillance queries (Reference nos. L/SURV/ONL/PV/AA/2025-2026/688, 687, and others) to three companies regarding abnormal trading volumes
  • L&T Technology Services and LTIMindtree confirmed they are making timely disclosures of all material events under Regulation 30 of SEBI LODR
  • Management of both IT companies stated they are not aware of specific reasons for volume increase and have no control over trading activity
  • Both IT companies highlighted that the overall IT industry witnessed significant movement in their respective scrips
  • Companies firmly believe the volume increases are completely market-driven
  • Venus Remedies Limited also provided clarification on volume increase

Regulatory Changes

No regulatory changes announced. This circular documents routine compliance with existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 regarding disclosure of material events.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual trading activity
  • Companies must confirm compliance with Regulation 30 disclosure requirements
  • Companies must clarify whether they have any undisclosed material information that could affect stock price or trading volumes
  • Listed entities must maintain timely disclosure practices for all material events affecting operations or performance

Important Dates

  • November 20, 2025: Date of BSE surveillance queries and company responses
  • November 19, 2025: Date when IT sector experienced significant movement (referenced as “yesterday” in responses)

Impact Assessment

Market Impact: Low - These are routine surveillance clarifications with no material undisclosed information. The responses confirm normal market functioning and sector-wide movement rather than company-specific issues.

Investor Impact: Minimal - Investors can be assured that the companies are compliant with disclosure norms and the volume increases appear to be sector-driven rather than due to undisclosed material information.

Operational Impact: None - No operational changes or concerns identified. Companies continue normal business operations.

Sector Context: The IT sector experienced broad-based movement on November 19, 2025, which explains the simultaneous volume increases across multiple IT stocks including L&T Technology Services and LTIMindtree.

Impact Justification

Routine surveillance clarifications with no material undisclosed information; companies confirm compliance with disclosure requirements and attribute volume increases to market forces and sector-wide movement