Description

BSE circular containing clarifications from Prism Johnson Limited and Puravankara Limited regarding significant increase in trading volume of their securities.

Summary

BSE circular dated December 24, 2025 containing clarifications from two companies - Prism Johnson Limited (scrip code: 500338) and Puravankara Limited - in response to BSE surveillance queries regarding significant increase in trading volume of their securities across exchanges. Both companies confirmed compliance with SEBI LODR Regulation 30 disclosure requirements and provided explanations for the volume movements.

Key Points

  • Prism Johnson Limited: Confirmed no undisclosed material information or impending announcement that could affect price/volume behavior
  • Prism Johnson Limited: Attributed volume increase to prevailing market conditions
  • Prism Johnson Limited: Stated all necessary disclosures made pursuant to SEBI LODR Regulation 30
  • Puravankara Limited: Volume increase linked to land acquisition announcement made on December 23, 2025
  • Puravankara Limited: Acquired 53 acres of land in Bengaluru with potential GDV of Rs. 4,800 Crores
  • Puravankara Limited: Confirmed prompt disclosure compliance under Regulation 30 of SEBI LODR
  • Both companies confirmed no role in volume or price movement beyond disclosed business developments

Regulatory Changes

No regulatory changes introduced. This is a routine surveillance matter under existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Companies must confirm whether any undisclosed material information exists that could affect trading behavior
  • Continued adherence to Regulation 30 of SEBI LODR for timely disclosure of material events and price sensitive information
  • Companies must make disclosures available on stock exchanges and company websites before public release

Important Dates

  • December 24, 2025: Date of surveillance query and company responses
  • December 23, 2025: Puravankara’s land acquisition announcement (preceding the volume increase)

Impact Assessment

Market Impact: Low - These are routine surveillance clarifications with no new material information disclosed. Prism Johnson’s response indicates normal market activity without company-specific catalysts. Puravankara’s volume increase is explained by a legitimate business development already disclosed to the market.

Investor Impact: Minimal - Investors are informed that no undisclosed material events are pending for either company. The clarifications provide transparency on recent trading activity and confirm regulatory compliance.

Operational Impact: None - No operational changes required. Companies demonstrated existing compliance with disclosure norms.

Impact Justification

Routine surveillance clarifications from companies explaining volume increases. Prism Johnson attributes it to market conditions with no undisclosed material information. Puravankara's increase relates to previously disclosed land acquisition announcement on December 23, 2025.