Description

BSE surveillance circular containing responses from Radico Khaitan Limited, SecureKloud Technologies Limited, and VL E-Governance & IT Solutions Limited regarding price/volume movement clarifications.

Summary

BSE issued surveillance clarifications dated November 21, 2025, requesting information from companies regarding price and volume movements in their scrips. Three companies responded confirming no undisclosed material information or events that could influence their stock price or volume behavior. All companies affirmed compliance with SEBI (LODR) Regulations, 2015 and commitment to timely disclosure of material information.

Key Points

  • Radico Khaitan Limited: Confirmed no undisclosed material information affecting price/volume behavior (Ref: L/SURV/ONL/PV/AA/2025-2026/691)
  • SecureKloud Technologies Limited: Stated all material information disclosed per Regulation 30 of SEBI (LODR) Regulations, 2015; price movement is market-driven (Ref: L/SURV/ONL/PV/AA/2025-2026/690, Scrip Code: 512161)
  • VL E-Governance & IT Solutions Limited: Confirmed no withheld information that could impact price/volume behavior (Ref: NSE/CM/Surveillance/16087 dated November 20, 2025)
  • All companies affirmed commitment to transparency and regulatory compliance

Regulatory Changes

No regulatory changes announced. This circular documents routine surveillance activities under existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 regarding material information disclosure.

Compliance Requirements

  • Companies must respond promptly to BSE/NSE surveillance queries regarding abnormal price or volume movements
  • Companies must disclose any undisclosed material information or events that could influence stock behavior
  • Continued adherence to Regulation 30 of SEBI (LODR) Regulations, 2015 for timely disclosure of material events
  • Companies must maintain transparency and inform exchanges of material events/information/actions as required

Important Dates

  • November 20, 2025: NSE surveillance letter issued to VL E-Governance & IT Solutions Limited
  • November 21, 2025: BSE surveillance letters issued to Radico Khaitan Limited and SecureKloud Technologies Limited
  • November 21, 2025: All three companies submitted their clarification responses

Impact Assessment

Market Impact: Minimal. These are routine surveillance clarifications with no material disclosures or corporate actions announced. All companies confirmed normal market-driven price movements.

Operational Impact: None. No operational changes or compliance issues identified.

Investor Impact: Neutral. The clarifications provide assurance that recent price/volume movements are not due to undisclosed material information. Investors can be confident that companies are maintaining proper disclosure practices as per regulatory requirements.

Stocks Affected:

  • Radico Khaitan Limited (CIN: L26941UP1983PLC027278)
  • SecureKloud Technologies Limited (Scrip Code: 512161, ISIN: INE650K01021)
  • VL E-Governance & IT Solutions Limited

Impact Justification

Routine surveillance clarifications with companies confirming no undisclosed material information affecting price/volume movements. Standard regulatory compliance responses with no material impact.