Description

Three companies (Tata Investment Corporation Limited, Eraaya Lifespaces Limited, and Igarashi Motors India Limited) provide clarifications to BSE regarding significant spurt in volume, confirming no pending price-sensitive information.

Summary

BSE received clarifications from three listed companies in response to surveillance queries regarding significant volume spurts in their scrips on November 26-27, 2025. All three companies—Tata Investment Corporation Limited (Scrip Code: 501301), Eraaya Lifespaces Limited (Scrip Code: 531035), and Igarashi Motors India Limited (Stock Code: 517380)—confirmed that they have no pending material price-sensitive information or announcements under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 that could explain the unusual trading activity. The companies stated that the volume increases are market-driven.

Key Points

  • Tata Investment Corporation Limited clarified that management has no information/announcements to share under Regulation 30 of SEBI LODR that have a bearing on price/volume behavior (BSE Reference: L/SURV/ONL/PV/AA/2025-2026/705)
  • Eraaya Lifespaces Limited confirmed it has been regularly disclosing all material events and has no undisclosed information requiring disclosure under Regulation 30 (BSE Reference: L/SURV/ONL/PV/AJ/2025-2026/3180)
  • Igarashi Motors India Limited confirmed all necessary disclosures have been made and there is no impending material price-sensitive information (BSE Reference: L/SURV/ONL/PV/AA/2025-2026/707)
  • All companies confirmed compliance with timely disclosure requirements
  • Volume spurts attributed to normal market dynamics rather than company-specific developments

Regulatory Changes

No regulatory changes. This circular documents routine surveillance responses under existing Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Companies must clarify whether any undisclosed material information exists under Regulation 30
  • Responses must be submitted through official channels by authorized signatories (Company Secretary/Compliance Officer)
  • Companies must maintain timely disclosure practices for all material events

Important Dates

  • November 26, 2025: Eraaya Lifespaces Limited surveillance query and response
  • November 27, 2025: Tata Investment Corporation Limited and Igarashi Motors India Limited surveillance queries and responses

Impact Assessment

Market Impact: Low. These are routine surveillance clarifications with no new information disclosed. The volume spurts are confirmed as market-driven without underlying corporate developments.

Investor Impact: Neutral. Investors are informed that no material undisclosed information exists, providing transparency about the absence of company-specific catalysts for the trading activity.

Operational Impact: None. This is standard regulatory compliance activity with no operational implications for the companies or market participants.

Surveillance Significance: Demonstrates BSE’s active market surveillance mechanism for monitoring unusual trading patterns and ensuring timely disclosure compliance.

Impact Justification

Routine clarifications confirming no undisclosed material information; market-driven volume increases with no compliance issues