Description

Companies provide clarifications on significant price movements in their shares, stating no undisclosed price sensitive information and movements are market driven.

Summary

BSE received clarifications from Prashant India Limited and S & S Power Switchgear Limited regarding significant price movements in their shares. Both companies confirmed they have disclosed all material events and price sensitive information as required under SEBI (LODR) Regulations, 2015. The companies stated there is no pending announcement or undisclosed information that may affect share price, and the price movements are purely market driven.

Key Points

  • Prashant India Limited (Scrip Code: 519014) responded to BSE clarification query dated December 15, 2025
  • S & S Power Switchgear Limited (BSE: 517273, NSE: S&SPOWER) responded to query dated December 12, 2025
  • Both companies confirmed compliance with all disclosure requirements under SEBI (LODR) Regulations, 2015
  • No undisclosed price sensitive information or pending announcements from either company
  • Price movements attributed entirely to market conditions beyond company control
  • Companies assure continued prompt disclosure of all material events as required

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to exchange queries regarding significant price movements
  • Companies must confirm compliance with SEBI (LODR) disclosure requirements
  • Companies must declare if any undisclosed price sensitive information exists
  • Companies must state whether pending announcements may impact share price

Important Dates

  • December 12, 2025: BSE query sent to S & S Power Switchgear Limited
  • December 15, 2025: BSE query sent to Prashant India Limited
  • December 16, 2025: Clarification letters submitted by both companies

Impact Assessment

This is a routine disclosure with minimal market impact. The clarifications confirm that recent price movements in these stocks are market driven rather than based on undisclosed corporate developments. Investors are assured that companies are compliant with disclosure norms and there is no material information being withheld. Such clarifications are standard regulatory practice to ensure market transparency and prevent speculation based on information asymmetry.

Impact Justification

Routine clarifications on price movements with no material information disclosed. Companies confirm compliance with disclosure norms and state price movements are purely market driven.