Description

BSE circular containing clarifications from Prashant India Limited and S & S Power Switchgear Limited regarding significant price movements in their shares.

Summary

BSE published clarifications from two companies - Prashant India Limited (Scrip Code: 519014) and S & S Power Switchgear Limited (Scrip Code: 517273, NSE Symbol: S&SPOWER) - in response to exchange queries regarding significant price movements in their shares. Both companies confirmed compliance with SEBI (LODR) Regulations 2015, stated there is no undisclosed price-sensitive information, and attributed the price movements to market conditions.

Key Points

  • Prashant India Limited responded to BSE query L/SURV/ONL/PV/AJ/2025-2026/3201 dated December 15, 2025
  • S & S Power Switchgear Limited responded to clarification sought on December 12, 2025
  • Both companies confirmed timely disclosure of all material events and price-sensitive information
  • No pending announcements or corporate actions that may impact share prices
  • Management not connected to price movements in either company
  • Both companies confirmed continued compliance with disclosure obligations

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to exchange surveillance queries regarding unusual price movements
  • Companies must confirm compliance with SEBI (LODR) Regulations 2015
  • Companies must disclose if there is any undisclosed price-sensitive information
  • Companies must state whether any pending announcements may affect share prices

Important Dates

  • December 15, 2025: BSE query sent to Prashant India Limited
  • December 16, 2025: Prashant India Limited’s response date
  • December 12, 2025: Query sent to S & S Power Switchgear Limited
  • December 16, 2025: S & S Power Switchgear Limited’s response date

Impact Assessment

This circular has minimal market impact as it contains routine clarifications in response to surveillance queries. Both companies confirmed no material undisclosed information exists and attributed price movements to normal market dynamics. The clarifications provide transparency to investors but do not reveal any new corporate actions or material developments. Such clarifications are standard regulatory responses when exchanges notice unusual trading activity.

Impact Justification

Routine clarifications confirming no undisclosed price-sensitive information; price movements attributed to market conditions