Description

BSE and NSE sought clarifications from DIGJAM Limited and Aerpace Industries Limited regarding recent price movements in their equity shares. Both companies attributed the movements to market conditions and previously disclosed information.

Summary

BSE and NSE requested clarifications from DIGJAM Limited (Scrip Code: 539979) and Aerpace Industries Limited regarding unusual price movements in their equity shares on December 16, 2025. Both companies responded on December 17, 2025, stating that all material information has been duly disclosed under Regulation 30 of SEBI LODR Regulations, 2015, and that the price movements are market-driven.

Key Points

  • DIGJAM Limited confirmed that all price-sensitive information has been disclosed to exchanges as required under Regulation 30 of SEBI LODR Regulations
  • DIGJAM attributed the share price movement to market conditions, stating the company and promoters have no control over or knowledge of specific reasons
  • Aerpace Industries Limited indicated that price movements may be attributable to previously disclosed information already in public domain
  • Aerpace cited two recent announcements: appointment of Mr. Prakash Gaur as Non-Executive Director (effective September 26, 2025) and execution of MoU with Government of Andhra Pradesh
  • Both companies reaffirmed adherence to disclosure requirements under SEBI LODR Regulations
  • Mr. Prakash Gaur brings over 30 years of leadership experience in transportation, logistics, infrastructure planning, and smart city development

Regulatory Changes

No regulatory changes announced. This is a surveillance matter under existing Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Companies must continue to comply with Regulation 30 of SEBI LODR Regulations regarding disclosure of material events and price-sensitive information
  • Companies must respond promptly to stock exchange queries regarding price movements
  • Companies must keep exchanges informed of any events requiring disclosure when they occur

Important Dates

  • December 16, 2025: BSE and NSE sent clarification requests to both companies
  • December 17, 2025: Both companies submitted their responses
  • September 26, 2025: Effective date of Mr. Prakash Gaur’s appointment as Non-Executive Director at Aerpace Industries Limited

Impact Assessment

Market Impact: Low. These are routine surveillance clarifications with no new material information disclosed. The price movements appear to be normal market activity.

Investor Impact: Minimal. Investors are assured that companies are compliant with disclosure norms and no undisclosed material events exist.

Operational Impact: None. No operational changes or restrictions announced for either company.

Compliance Impact: Standard surveillance procedure demonstrating exchange vigilance in monitoring unusual price movements and ensuring timely disclosure compliance.

Impact Justification

Routine price movement clarifications with no new material disclosures or regulatory actions. Companies confirmed compliance with existing disclosure norms and attributed movements to market conditions.