Description

BSE Surveillance received clarifications from KSB Limited, Best Agrolife Ltd, and Halder Venture Limited regarding recent increase in trading volume and price movements of their securities.

Summary

BSE Surveillance sought clarifications from multiple companies regarding unusual price and volume movements in their securities. KSB Limited (Scrip Code: 500249), Best Agrolife Ltd (Scrip Code: 539660), and Halder Venture Limited responded that there is no undisclosed material information that could have caused the movements. All companies confirmed compliance with SEBI LODR Regulations 2015 and stated that the movements are purely market-driven.

Key Points

  • BSE Surveillance issued letters to companies seeking clarification on increased trading volumes
  • KSB Limited confirmed no pending price sensitive information as per Regulation 30 of SEBI LODR
  • Best Agrolife Ltd stated all necessary disclosures have been made pursuant to Regulation 30
  • Companies attributed volume and price increases to market conditions and market-driven factors
  • All companies confirmed they regularly disseminate price sensitive information to stock exchanges
  • Companies committed to promptly disclose any future material information

Regulatory Changes

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

Compliance Requirements

  • Companies must respond to BSE Surveillance queries regarding unusual price/volume movements
  • Companies must confirm whether any undisclosed material information exists
  • Companies must continue complying with Regulation 30 of SEBI LODR regarding timely disclosure of price sensitive information
  • Companies must evaluate and promptly disseminate any impending announcements deemed material
  • Companies must maintain regular disclosure practices for events affecting operations and performance

Important Dates

  • December 1, 2025: Date of KSB Limited’s response to BSE Surveillance
  • November 29, 2025: Date of Best Agrolife Ltd’s response
  • November 29, 2025: Date of Halder Venture Limited’s response (partial)
  • November 28, 2025: Date of BSE Surveillance queries issued to companies

Impact Assessment

Market Impact: Minimal. The clarifications confirm no undisclosed material events driving the price/volume movements, providing transparency to market participants that movements are market-driven rather than based on pending announcements.

Investor Impact: Low. Investors are assured that companies are in compliance with disclosure norms and no material information is being withheld. This reduces speculation about undisclosed corporate actions.

Operational Impact: None. This is routine surveillance activity with no operational changes required beyond standard disclosure compliance.

Stocks Affected:

  • KSB Limited (Scrip Code: 500249)
  • Best Agrolife Ltd (Scrip Code: 539660, Scrip ID: BESTAGRO)
  • Halder Venture Limited (partial response included)

Impact Justification

Routine surveillance clarifications where companies confirmed no undisclosed price sensitive information and attributed movements to market conditions