Description

Three companies provided clarifications to BSE regarding significant movements in their stock prices and trading volumes, attributing the changes to market conditions.

Summary

BSE sought clarifications from three companies regarding significant movements in their stock prices and trading volumes. Sasken Technologies Limited (Scrip Code: 532663), 5paisa Capital Limited (Scrip Code: 540776), and Enterprise International Ltd (Scrip Code: 526574) responded that the movements were purely due to market conditions. All companies confirmed they have been making timely disclosures as required under SEBI Listing Regulations and have no undisclosed material information.

Key Points

  • Sasken Technologies Limited clarified significant price increase on December 26, 2025
  • 5paisa Capital Limited clarified significant volume increase on December 26, 2025
  • Enterprise International Ltd provided clarification on price movement on December 27, 2025
  • All three companies attributed movements to market-driven conditions
  • Companies confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • No undisclosed events or information affecting operations or performance
  • Sasken’s trading window was closed from December 16, 2025 for Q3 FY2026 results consideration

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price or volume movements
  • Continued obligation to make timely disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies must disclose any material events that may impact stock price or volume behavior

Important Dates

  • December 26, 2025: BSE issued surveillance letters to Sasken Technologies and 5paisa Capital
  • December 26, 2025: Sasken Technologies and 5paisa Capital submitted clarifications
  • December 27, 2025: Enterprise International Ltd submitted clarification
  • December 16, 2025: Sasken Technologies closed trading window for designated persons ahead of Q3 results

Impact Assessment

Market Impact: Low - This is a routine surveillance exercise with no new material information disclosed. The clarifications confirm that recent price and volume movements were market-driven rather than based on undisclosed corporate developments.

Investor Impact: Low - No material events or corporate actions revealed. Investors can continue trading with the understanding that movements are due to market sentiment rather than fundamental changes.

Compliance Impact: Low - Standard regulatory procedure demonstrating BSE’s active surveillance mechanism. Companies demonstrated compliance with disclosure obligations.

Impact Justification

Routine surveillance clarifications with no material corporate developments; companies attribute movements to market conditions