Description

BSE circular containing clarifications from Kiri Industries Limited, Lumax Industries Limited, and Olatech Solutions Limited regarding unusual price/volume movements in their securities.

Summary

BSE issued surveillance queries to three companies - Kiri Industries Limited (Scrip ID: 532967), Lumax Industries Limited (Security Code: 517206), and Olatech Solutions Limited (Scrip Code: 543578) - regarding unusual increases in trading volume or price movements. All three companies responded that they have made all required disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015, have no undisclosed material information, and confirmed the movements appear to be purely market-driven.

Key Points

  • Kiri Industries Limited: Responded to BSE query (Ref. No. L/SURV/ONL/PV/AA/2025-2026/702) regarding volume increase
  • Lumax Industries Limited: Responded to BSE query (Ref. No. L/SURV/ONL/PV/AA/2025-2026/703) regarding significant trading volume increase
  • Olatech Solutions Limited: Responded to BSE query (Ref. No. L/SURV/ONL/PV/AA/2025-2026/700) regarding price movement
  • All companies confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • No undisclosed material information or price-sensitive information withheld
  • All companies attributed movements to market-driven factors
  • Companies assured continued compliance with listing regulations

Regulatory Changes

No regulatory changes. This circular documents routine surveillance oversight activities.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Must confirm compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • Must disclose if any material or price-sensitive information has been withheld
  • Must continue timely disclosure of all material events to stock exchanges

Important Dates

  • November 26, 2025: Date of BSE surveillance queries and company responses

Impact Assessment

Market Impact: Minimal. The clarifications confirm no undisclosed material events affecting these companies. The volume/price movements are attributed to normal market dynamics.

Investor Impact: Low. Provides transparency that no material information has been withheld from investors.

Operational Impact: None. Routine surveillance and disclosure process with no action items beyond standard compliance.

Impact Justification

Routine surveillance clarifications with no material information disclosed; companies confirmed market-driven movements with no undisclosed events