Description

Three companies (Adani Total Gas Limited, D & H India Limited, and Indus Towers Limited) provide clarifications to BSE regarding unusual volume and price movements in their securities.

Summary

Three listed companies responded to BSE surveillance queries regarding unusual trading activity in their securities. Adani Total Gas Limited (scrip code: 542066) clarified significant volume increase, D & H India Limited (scrip code: 517514) addressed price movement, and Indus Towers Limited (scrip code: 534816) explained volume movement. All three companies confirmed that the movements are market-driven with no undisclosed material information, and reaffirmed their commitment to compliance with SEBI (LODR) Regulations, 2015.

Key Points

  • Adani Total Gas Limited received BSE query on January 2, 2026 at 1:17 PM regarding significant volume increase
  • D & H India Limited received query via email L/SURV/ONL/PV/AJ/2025-2026/3258 on January 1, 2026 at 6:34 PM IST regarding price movement
  • Indus Towers Limited received query via email L/SURV/ONL/PV/APJ/2025-2026/828 on January 1, 2026 regarding volume movement
  • All three companies attributed movements to market conditions with no management control or knowledge of specific reasons
  • No pending disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015 from any of the companies
  • All companies confirmed continued compliance with disclosure obligations

Regulatory Changes

No regulatory changes announced. This circular documents companies’ responses to routine surveillance queries 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 material information remains undisclosed under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies must maintain commitment to timely disclosure of material events
  • All three companies confirmed no pending disclosures and reaffirmed compliance commitments

Important Dates

  • January 1, 2026: BSE sent surveillance queries to D & H India Limited (6:34 PM IST) and Indus Towers Limited
  • January 2, 2026: BSE sent surveillance query to Adani Total Gas Limited (1:17 PM)
  • January 2, 2026: All three companies submitted their clarification responses

Impact Assessment

Minimal market impact. These are routine surveillance clarifications confirming no undisclosed material information affecting the securities. The unusual trading activity is attributed to normal market dynamics rather than company-specific developments. No action required from investors or market participants. The responses demonstrate the exchange’s surveillance mechanism functioning as designed to ensure market transparency and compliance with disclosure requirements.

Impact Justification

Routine surveillance clarifications confirming no material undisclosed information; movements attributed to market conditions with no compliance breaches or operational changes