Description

BSE Surveillance sought clarifications from Akzo Nobel India Limited and Balkrishna Industries Limited regarding significant increase in trading volumes of their securities.

Summary

BSE Surveillance issued letters to Akzo Nobel India Limited (Scrip Code: 500710) and Balkrishna Industries Limited seeking clarifications on significant increases in trading volumes of their securities. Both companies responded on December 3rd, 2025, confirming that they have no unpublished price-sensitive information pending disclosure and attributed the volume movements to market-driven factors.

Key Points

  • Akzo Nobel India Limited confirmed no material information beyond existing disclosures regarding portfolio review by ultimate holding company Akzo Nobel N.V. and Open Offer by JSW Paints Limited (Acquirer)
  • Balkrishna Industries Limited stated they have been consistently making disclosures as required under Regulation 30 of SEBI LODR 2015
  • Both companies confirmed no unpublished price-sensitive information is pending disclosure
  • Volume increases attributed to market-driven factors
  • Akzo Nobel requested BSE update corporate communication email addresses (rajiv.jha@akzonobel.com, v.thomas@akzonobel.com, investor.india@akzonobel.com)

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

  • Companies must respond to BSE Surveillance queries regarding unusual trading activity
  • Continuous compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for material event disclosures
  • Companies must clarify if any unpublished price-sensitive information exists that could explain volume movements

Important Dates

  • December 3, 2025: BSE Surveillance letters issued (received by Akzo Nobel at 11:23 AM)
  • December 3, 2025: Both companies submitted clarifications to BSE

Impact Assessment

Market Impact: Low - Routine surveillance activity with no new material information disclosed. Both companies confirmed ongoing compliance with disclosure requirements.

Operational Impact: Minimal - Standard clarification process with no findings of non-disclosure or regulatory concerns.

Investor Impact: No significant impact as companies confirmed all material information has been disclosed to exchanges per existing regulations. Volume movements appear to be normal market activity rather than driven by undisclosed corporate developments.

Impact Justification

Routine surveillance clarifications where both companies confirmed no undisclosed price-sensitive information and attributed volume increases to market forces