Description
BSE received clarifications from Radico Khaitan Limited, SecureKloud Technologies Limited, and VL E-Governance & IT Solutions Limited regarding price/volume movements in their scrips, with all companies confirming no undisclosed material information.
Summary
BSE received clarifications from three companies in response to surveillance queries regarding abnormal price/volume movements in their securities. Radico Khaitan Limited, SecureKloud Technologies Limited, and VL E-Governance & IT Solutions Limited all confirmed that there is no undisclosed material information or impending announcements that could influence their stock price behavior. All companies reaffirmed their commitment to timely disclosure under SEBI (LODR) Regulations, 2015.
Key Points
- Three companies responded to BSE surveillance queries on price/volume movements dated November 20-21, 2025
- Radico Khaitan Limited confirmed no undisclosed material information affecting price/volume behavior
- SecureKloud Technologies Limited stated all material disclosures have been made in compliance with Regulation 30 of SEBI LODR
- VL E-Governance & IT Solutions Limited confirmed no withheld information that could impact scrip behavior
- All companies attributed price movements to market-driven forces beyond their control
- Companies reaffirmed commitment to transparency and regulatory compliance
Regulatory Changes
No regulatory changes introduced. This circular documents routine surveillance responses.
Compliance Requirements
- Companies must respond to exchange surveillance queries regarding abnormal price/volume movements
- Continued obligation to promptly disclose material events under SEBI (LODR) Regulations, 2015, particularly Regulation 30
- Companies must maintain transparency regarding any information bearing on operations or performance
- Timely disclosure of price-sensitive information remains mandatory
Important Dates
- November 20, 2025: NSE surveillance query issued to VL E-Governance & IT Solutions Limited
- November 21, 2025: BSE surveillance queries issued to Radico Khaitan Limited and SecureKloud Technologies Limited
- November 21, 2025: All three companies submitted their clarifications
Impact Assessment
Market Impact: Minimal. These are routine surveillance clarifications with no new material information disclosed. The responses confirm that recent price movements were market-driven rather than due to undisclosed corporate actions.
Operational Impact: None. No changes to company operations or corporate actions announced.
Investor Impact: Low. Investors receive confirmation that companies are compliant with disclosure requirements and no material information has been withheld. Price movements attributed to normal market forces provide transparency but no actionable information.
Compliance Impact: Routine. Companies demonstrated adherence to surveillance response requirements and reaffirmed ongoing compliance with SEBI disclosure regulations.
Impact Justification
Routine surveillance clarifications with no material events disclosed; companies confirmed compliance with disclosure requirements and attributed price movements to market forces