Description

Two companies (KEC International and NDA Securities) provide clarifications to BSE regarding unusual price and volume movements in their securities.

Summary

BSE Surveillance sought clarifications from KEC International Limited and NDA Securities Limited regarding unusual trading activity in their securities. Both companies responded on December 23, 2025, confirming compliance with disclosure requirements under SEBI Listing Regulations.

Key Points

  • KEC International Limited (Scrip Code: 532714): Responded to BSE query about increased trading volume
  • NDA Securities Limited (CIN: L74899DL1992PLCO50366): Responded to BSE query about significant price movement
  • Both companies confirmed no unpublished price sensitive information (UPSI) pending disclosure
  • NDA Securities attributed potential market interest to previously disclosed EGM notice dated December 17, 2025
  • All disclosures made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015

Company-Specific Details

KEC International Limited

  • Response Date: December 23, 2025
  • BSE Reference: L/SURV/ONL/PV/APJ/2025-2026/791
  • Clarification: No pending announcements or price sensitive information concerning operations/performance
  • Commitment: Will continue prompt disclosure of all material events as per past practice
  • Signatory: Suraj Eksambekar, Company Secretary & Compliance Officer

NDA Securities Limited

  • Response Date: December 23, 2025
  • BSE Reference: L/SURV/ONL/PV/RRR/2025-2026/790
  • Possible Price Movement Catalyst: EGM Notice published on December 17, 2025 containing:
    1. Increase in Authorised Share Capital from ₹15 Crore to ₹100 Crore with consequential MOA amendment
    2. Alteration of Object Clause in Memorandum of Association by adding new objects
  • Clarification: No other UPSI or pending announcements beyond already disclosed EGM matters

Regulatory Context

  • Both responses comply with BSE surveillance queries under market monitoring framework
  • Companies reaffirmed adherence to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Standard surveillance procedure when exchanges detect unusual trading patterns

Compliance Requirements

  • Listed companies must respond promptly to stock exchange surveillance queries
  • Companies must disclose any material events or UPSI that could affect security prices
  • Continuous disclosure obligation under SEBI LODR Regulations

Important Dates

  • December 23, 2025: Date of clarifications submitted to BSE
  • December 17, 2025: NDA Securities published EGM notice (previously disclosed)

Impact Assessment

Market Impact: Minimal. Both companies confirmed no new material information, suggesting trading activity was either routine market movements or, in NDA Securities’ case, reaction to already-public corporate action plans.

Investor Impact: Provides transparency that no undisclosed developments are driving price/volume changes. NDA Securities shareholders should note the significant proposed capital increase (nearly 7x) which may indicate future fundraising or expansion plans.

Regulatory Impact: Demonstrates functioning surveillance mechanism and company compliance with disclosure norms.

Impact Justification

Routine surveillance clarifications with no material unpublished information disclosed. KEC confirms no pending announcements. NDA Securities attributes movement to already-disclosed EGM notice regarding capital increase and object clause changes.