Description
Companies provide clarifications to BSE regarding significant movements in price and trading volume of their securities, attributing changes to market conditions.
Summary
BSE published clarifications received from multiple companies regarding significant movements in price and trading volume of their securities. Three companies - Sasken Technologies Limited, 5paisa Capital Limited, and Enterprise International Ltd - responded to BSE surveillance queries dated December 26, 2025. All companies attributed the price/volume movements to market conditions and confirmed compliance with disclosure requirements under SEBI LODR Regulations.
Key Points
- Sasken Technologies Limited confirmed timely disclosures under SEBI LODR and stated no undisclosed events affecting operations/performance
- Sasken’s trading window closed effective December 16, 2025 for designated persons ahead of Q3 FY2026 results (quarter ending December 31, 2025)
- 5paisa Capital Limited stated volume movement is purely market-driven with no management control or knowledge of specific reasons
- Enterprise International Ltd responded to BSE query (Ref No. L/SURV/ONL/PV/AJ/2025-2026/3242) regarding price movement
- All companies confirmed ongoing compliance with Regulation 30 of SEBI LODR for timely disclosures
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Companies must respond to stock exchange queries regarding unusual price/volume movements
- Companies must confirm compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies must disclose any material events/information that may impact stock price or operations
- Trading window closure must be implemented for designated persons during periods of financial result consideration
Important Dates
- December 26, 2025: Date of BSE surveillance queries to companies
- December 16, 2025: Trading window closure date for Sasken Technologies designated persons
- December 31, 2025: Quarter end date for Sasken Technologies financial results
- December 27, 2025: Response date from Enterprise International Ltd
Impact Assessment
Market Impact: Low - These are routine surveillance responses with no material information disclosed. The clarifications confirm that recent price/volume movements are market-driven rather than caused by undisclosed corporate events.
Investor Impact: Minimal - No new material information provided. Investors should note that Sasken Technologies has closed its trading window ahead of Q3 results announcement, which is standard practice.
Operational Impact: None - No operational changes or corporate actions announced. Companies reaffirmed commitment to timely disclosures as per regulatory requirements.
Impact Justification
Routine clarifications provided by companies in response to exchange queries about price/volume movements, with no material information disclosed