Description

Companies provide clarifications on news articles regarding Piramal Finance's gold loan segment entry, IndiGo CEO's DGCA show-cause notice, and Kaynes Technology news coverage.

Summary

Three companies submitted clarifications to BSE regarding news articles published about them. Piramal Finance Limited categorically denied reports about acquiring Keertana for entry into the gold loan segment. InterGlobe Aviation Limited (IndiGo) clarified that DGCA extended the timeline for CEO Pieter Elber’s response to a show-cause notice and confirmed the response was filed. Kaynes Technology India Limited also provided clarification on recent news coverage.

Key Points

  • Piramal Finance categorically confirms that Economic Times article dated December 9, 2025 about “Piramal Finance eyes Keertana for foray into gold loan segment” is factually incorrect
  • Piramal Finance states share price movement is market-driven and management has no control or knowledge of such movements
  • IndiGo confirms DGCA show-cause notice dated December 6, 2025 initially had 24-hour response timeline
  • DGCA subsequently extended the timeline to 6:00 PM on December 8, 2025 for IndiGo CEO’s response
  • IndiGo’s response to DGCA show-cause notice has been filed as of December 8, 2025
  • Kaynes Technology India Limited also submitted clarification regarding news items (details partially provided)
  • All companies confirm compliance with Regulation 30 of SEBI Listing Regulations

Regulatory Changes

No regulatory changes announced. These are routine disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, requiring listed companies to clarify or confirm news reports that may impact stock prices.

Compliance Requirements

  • Companies must respond to stock exchange queries regarding news articles that may affect stock price or trading volumes
  • Companies must clarify whether news reports are accurate or provide correct information
  • Companies must confirm there are no pending material disclosures that could affect stock behavior
  • Companies must reaffirm ongoing compliance with Regulation 30 of SEBI Listing Regulations

Important Dates

  • December 7, 2025: Economic Times article on IndiGo DGCA show-cause notice published
  • December 6, 2025: DGCA issued show-cause notice to IndiGo CEO with initial 24-hour response deadline
  • December 8, 2025: DGCA extended deadline to 6:00 PM for IndiGo’s response submission
  • December 8, 2025: IndiGo filed response to DGCA show-cause notice
  • December 9, 2025: Economic Times article on Piramal Finance gold loan segment published
  • December 9, 2025: Companies submitted clarifications to BSE

Impact Assessment

Market Impact: Low - These are clarifications to media reports rather than substantive corporate actions or regulatory changes. Piramal Finance’s denial of acquisition news and IndiGo’s confirmation of regulatory compliance should provide clarity to investors.

Operational Impact: Minimal - No operational changes indicated. IndiGo has complied with DGCA requirements by filing its response. Piramal Finance confirms no pending material disclosures.

Investor Impact: Low - Clarifications help prevent misinformation from affecting investment decisions. Piramal Finance’s categorical denial may stabilize any speculation-driven price movements, while IndiGo’s transparency on the DGCA matter demonstrates regulatory compliance.

Impact Justification

Routine clarifications on media reports with companies denying or clarifying news articles. Piramal Finance categorically denies gold loan acquisition news, IndiGo confirms DGCA timeline extension and response submission, and Kaynes Technology provides clarification on recent news coverage.