Description

Companies provide clarifications on news articles regarding Piramal Finance's gold loan plans, IndiGo CEO's DGCA notice, and Kaynes Technology's business developments.

Summary

BSE received clarifications from three listed companies in response to news articles published in media. Piramal Finance Limited categorically denied reports about acquiring Keertana for gold loan segment entry. InterGlobe Aviation Limited (IndiGo) confirmed that DGCA extended the deadline for CEO’s response to show-cause notice until December 8, 2025, 6:00 PM, and the response has been filed. Kaynes Technology India Limited provided clarification on recent news coverage. All companies confirmed compliance with SEBI Listing Regulation 30 and stated no pending material information requiring disclosure.

Key Points

  • Piramal Finance Limited: Denied Economic Times article dated December 9, 2025 claiming the company is eyeing Keertana for gold loan segment foray as factually incorrect
  • Piramal Finance: Confirmed no pending information/announcement that may affect share price/volume behavior
  • Piramal Finance: Stated price movement is market-driven with no management control or knowledge
  • InterGlobe Aviation (IndiGo): DGCA initially allowed 24 hours for response to show-cause notice dated December 6, 2025
  • IndiGo: DGCA subsequently extended deadline to December 8, 2025, 6:00 PM for CEO Pieter Elber’s response
  • IndiGo: Response to DGCA show-cause notice has been filed
  • Kaynes Technology: Provided clarification under Regulation 30(11) in response to stock exchange queries dated December 8, 2025
  • All companies reaffirmed commitment to Regulation 30 compliance and timely disclosure of material events

Regulatory Changes

No regulatory changes announced. This circular represents standard disclosure practice under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30, requiring companies to clarify news reports that may impact investor decisions.

Compliance Requirements

  • Companies must respond to stock exchange queries regarding news articles that may affect share price movements
  • Companies must categorically confirm or deny factual accuracy of news reports
  • Companies must disclose if any material information is pending that could impact share price/volume
  • Companies must maintain compliance with Regulation 30 of SEBI Listing Regulations for timely disclosure
  • Clarifications must be submitted promptly to both BSE and NSE where applicable

Important Dates

  • December 6, 2025: DGCA issued show-cause notice to IndiGo CEO with initial 24-hour response deadline
  • December 7, 2025: Economic Times published article on DGCA deadline extension for IndiGo CEO
  • December 8, 2025: Stock exchanges sought clarifications from companies; DGCA extended deadline to 6:00 PM for IndiGo response submission
  • December 9, 2025: Economic Times published article on Piramal Finance; companies submitted clarifications to BSE

Impact Assessment

Market Impact: Medium - These clarifications address market speculation and prevent misinformation from affecting investor decisions. Piramal Finance’s denial of acquisition plans may stabilize price movements driven by speculation. IndiGo’s confirmation of regulatory compliance with DGCA requirements provides transparency on operational matters.

Operational Impact: Low to Medium - For IndiGo, the DGCA show-cause notice to CEO represents a regulatory matter requiring management attention, though the response has been filed. For Piramal Finance, the denial clarifies strategic direction and eliminates uncertainty about gold loan segment entry.

Investor Confidence: The prompt clarifications demonstrate good corporate governance practices and commitment to transparent communication, which supports investor confidence in these companies’ disclosure practices.

Impact Justification

Routine clarifications addressing market speculation and regulatory inquiries; Piramal Finance denied gold loan acquisition reports, IndiGo confirmed DGCA deadline extension and response submission, companies affirmed compliance with disclosure requirements