Description
BSE circular containing clarifications from PH Capital Limited, Sula Vineyards Limited, and Castrol India Limited regarding significant price/volume movements in their securities.
Summary
BSE issued clarifications from three companies - PH Capital Limited (Scrip Code: 500143), Sula Vineyards Limited (Scrip Code: 543711), and Castrol India Limited - in response to surveillance queries regarding significant price/volume movements in their securities. All companies confirmed they have made timely disclosures under SEBI LODR Regulations 2015 and stated that the observed movements are purely market-driven with no undisclosed material information.
Key Points
- PH Capital Limited responded to BSE letter L/SURV/ONL/PV/APJ/2025-2026/807 regarding significant price movement
- Sula Vineyards Limited addressed NSE letter NSE/CM/Surveillance/16227 and BSE letter L/SURV/ONL/PV/APJ/2025-2026/806 regarding volume increase
- All companies confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies stated no material events or price-sensitive information has been withheld
- Price/volume movements attributed to market conditions and market-driven factors
- Companies reiterated commitment to timely disclosure of price-sensitive information
Regulatory Changes
No regulatory changes announced. This circular documents routine surveillance responses.
Compliance Requirements
- Companies must respond to stock exchange surveillance queries regarding unusual price/volume movements
- Confirmations required that all disclosures under Regulation 30 of SEBI LODR Regulations have been made
- Companies must declare if any undisclosed price-sensitive information exists
Important Dates
- December 24, 2025: NSE letter to Sula Vineyards
- December 26, 2025: BSE letters to PH Capital Limited and Sula Vineyards
- December 26, 2025: Company responses submitted
Impact Assessment
Market Impact: Low - These are routine surveillance clarifications with no new material information disclosed. The companies confirm that observed price/volume movements are market-driven.
Operational Impact: None - No changes to operations or compliance requirements beyond standard disclosure obligations.
Investor Impact: Minimal - Provides transparency that no undisclosed events are driving stock movements, confirming market efficiency and proper disclosure practices by the listed entities.
Impact Justification
Routine surveillance clarifications from companies confirming no undisclosed price-sensitive information; movements attributed to market conditions