Description

Safari Industries and Gravita India provide clarifications to BSE regarding unusual 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 increases in their trading volumes. Both companies confirmed they have made all necessary disclosures under Regulation 30 of SEBI Listing Regulations and have no pending announcements. The companies attributed the volume increases to normal market conditions and confirmed management is not connected with the volume movements.

Key Points

  • Safari Industries and Gravita India responded to BSE queries about increased trading volumes
  • Both companies confirmed full compliance with Regulation 30 of SEBI Listing Regulations
  • No pending material events or price sensitive information awaiting disclosure
  • Volume movements attributed purely to market conditions and market forces
  • Company managements confirmed no connection with the volume increases
  • All required disclosures have been made in a timely and accurate manner

Regulatory Changes

No regulatory changes announced. This circular contains routine compliance clarifications.

Compliance Requirements

Both companies confirmed ongoing compliance with:

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Timely disclosure of all material events and unpublished price sensitive information
  • No additional compliance actions required

Important Dates

  • 25th November 2025: Date of clarification submissions by both companies
  • 25th November 2025: BSE surveillance emails sent to companies (Safari: L/SURV/ONL/PV/AA/2025-2026/699, Gravita: L/SURV/ONL/PV/AA/2025-2026/697)

Impact Assessment

Market Impact: Low - These are routine clarifications confirming no hidden information affecting stock prices.

Investor Impact: Minimal - Investors can be assured that volume increases are market-driven with no undisclosed material information.

Operational Impact: None - No operational changes required for the companies.

Company-Specific Details:

  • Safari Industries (India) Limited: Scrip Code 523025, registered at Mumbai
  • Gravita India Limited: Scrip Code 533282, registered at Jaipur, Rajasthan

Impact Justification

Routine clarification from companies confirming no undisclosed price sensitive information and attributing volume increases to market conditions