Description

BSE circular containing clarifications from Safari Industries (India) Limited and Gravita India Limited regarding increase in trading volumes of their shares.

Summary

BSE sought clarifications from Safari Industries (India) Limited (Scrip Code: 523025) and Gravita India Limited (Scrip Code: 533282) regarding unusual increase in trading volumes. Both companies responded on November 25, 2025, confirming they have disclosed all material events and price sensitive information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The companies stated that the volume increases are purely market-driven and management is not connected with such movements.

Key Points

  • Safari Industries received BSE Email No. L/SURV/ONL/PV/AA/2025-2026/699 dated November 25, 2025 seeking clarification on volume increase
  • Gravita India received BSE letter No. L/SURV/ONL/PV/AA/2025-2026/697 dated November 25, 2025 regarding the same matter
  • Both companies confirmed compliance with Regulation 30 of SEBI Listing Regulations
  • No pending announcements or undisclosed price sensitive information from either company
  • Companies stated volume movements are purely due to market conditions and market-driven
  • Management of both companies declared no connection with the volume movements

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must continue to disclose all material events and price sensitive information in timely and accurate manner under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies must respond to stock exchange surveillance queries regarding unusual price or volume movements

Important Dates

  • November 25, 2025: Date of clarifications provided by both Safari Industries and Gravita India Limited

Impact Assessment

Market Impact: Low - These are routine surveillance clarifications with no new material information disclosed. Both companies confirmed compliance with existing disclosure requirements.

Operational Impact: Nil - No operational changes required. Companies are already compliant with disclosure norms.

Investor Impact: The clarifications provide assurance that volume increases are market-driven and not due to undisclosed material information, maintaining transparency and investor confidence in these securities.

Impact Justification

Routine clarifications by companies confirming compliance with disclosure requirements and stating that volume increases are market-driven with no pending material announcements.