Description

BSE circular containing clarification responses from Tata Investment Corporation Limited, Eraaya Lifespaces Limited, and Igarashi Motors India Limited regarding unusual price/volume movements in their securities.

Summary

BSE sought clarifications from three companies regarding unusual price/volume movements in their securities. All three companies - Tata Investment Corporation Limited (Scrip: 501301), Eraaya Lifespaces Limited (Scrip: 531035), and Igarashi Motors India Limited (Stock Code: 517380) - confirmed that they have no undisclosed material information that could explain the observed market behavior and that they are in compliance with SEBI LODR Regulation 30 disclosure requirements.

Key Points

  • Tata Investment Corporation Limited: Responded to BSE surveillance query (L/SURV/ONL/PV/AA/2025-2026/705) regarding spurt in volume, confirming no undisclosed information under Regulation 30 of SEBI LODR affecting price/volume behavior
  • Eraaya Lifespaces Limited: Clarified in response to BSE email L/SURV/ONL/PV/AJ/2025-2026/3180 that the volume increase is market-driven with no material events requiring disclosure
  • Igarashi Motors India Limited: Responded to BSE reference L/SURV/ONL/PV/AA/2025-2026/707 confirming no impending material price sensitive information or announcements
  • All companies confirmed timely and regular dissemination of events and information as per SEBI Listing Regulations

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies are required to respond to BSE surveillance queries regarding unusual price/volume movements
  • Companies must confirm compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Disclosure of any material events or price-sensitive information that may affect stock price/volume behavior is mandatory

Important Dates

  • November 26, 2025: Date of BSE surveillance email to Eraaya Lifespaces Limited
  • November 27, 2025: Date of BSE surveillance emails to Tata Investment Corporation Limited and Igarashi Motors India Limited
  • November 27, 2025: Date of responses from all three companies

Impact Assessment

Market Impact: Minimal to none. This is a routine surveillance exercise where companies have confirmed no undisclosed material information. The clarifications indicate that the observed price/volume movements are market-driven rather than based on company-specific undisclosed developments.

Operational Impact: No operational changes or requirements for market participants. Companies have fulfilled their disclosure obligations by responding to the surveillance queries.

Investor Impact: No new material information disclosed that would warrant changes in investment decisions for these securities.

Impact Justification

Routine surveillance clarifications where all three companies confirmed no material undisclosed information affecting their stock price/volume behavior. Standard regulatory compliance responses with no new material information or market impact.