Description

BSE requested clarifications from Adani Total Gas Limited, D&H India Limited, and Indus Towers Limited regarding significant volume and price movements in their scrips.

Summary

BSE sought clarifications from three listed companies regarding unusual trading activity in their securities. Adani Total Gas Limited (scrip code: 542066) responded to a volume increase query, D&H India Limited (scrip code: 517514) addressed price movement concerns, and Indus Towers Limited (scrip code: 534816) clarified volume increases. All three companies uniformly stated that the movements are purely market-driven with no undisclosed material information.

Key Points

  • Adani Total Gas Limited received BSE’s email on January 2, 2026 at 1:17 PM regarding significant volume increase
  • D&H India Limited received BSE surveillance email (ref: L/SURV/ONL/PV/AJ/2025-2026/3258) on January 1, 2026 at 6:34 PM regarding price movement
  • Indus Towers Limited received volume movement letter (ref: L/SURV/ONL/PV/APJ/2025-2026/828) on January 1, 2026
  • All companies confirmed no pending material information under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies attributed share movements to market conditions and being absolutely market-driven
  • All companies reaffirmed commitment to timely disclosure compliance

Regulatory Changes

No regulatory changes announced. This circular documents routine surveillance monitoring and company responses.

Compliance Requirements

  • Companies must respond promptly to BSE surveillance queries regarding unusual price or volume movements
  • Disclosure of material information must comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies must maintain ongoing compliance with stock exchange listing agreements

Important Dates

  • January 1, 2026: BSE sent surveillance queries to D&H India Limited and Indus Towers Limited
  • January 2, 2026: BSE sent surveillance query to Adani Total Gas Limited at 1:17 PM
  • January 2, 2026: All three companies submitted their clarification responses

Impact Assessment

Minimal market impact. These are standard surveillance procedures where the exchange monitors unusual trading patterns and seeks explanations from companies. All three companies confirmed no material undisclosed information, indicating the price/volume movements are due to normal market dynamics. This routine oversight mechanism helps maintain market integrity and investor confidence. No corrective actions or trading restrictions were imposed.

Impact Justification

Routine surveillance clarifications with all companies stating movements are market-driven with no material information to disclose. No regulatory action or market impact expected.