Description

Three companies provide clarifications to BSE regarding price movements and volume increases in their securities.

Summary

BSE Surveillance Department requested clarifications from three listed companies - Sovereign Diamonds Limited, Electrotherm (India) Limited, and JTEKT India Limited - regarding unusual price movements and volume increases in their securities. All three companies responded stating they have no price-sensitive information to disclose and attributed the market activity to normal market forces.

Key Points

  • Sovereign Diamonds Limited (Scrip Code: 523826) clarified on January 5, 2026 that it has no price-sensitive information affecting scrip behavior
  • Electrotherm (India) Limited (Company Code: 526608) stated on January 6, 2026 that significant volume increase is purely market driven
  • JTEKT India Limited (Scrip Code: 520057) responded on January 6, 2026 regarding volume movement query
  • All companies confirmed compliance with Regulation 30 disclosure requirements
  • No material events or information requiring stock exchange notification were identified

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding abnormal price or volume movements
  • Companies must disclose any price-sensitive information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies must inform stock exchanges of events affecting operations, performance, and price behavior

Important Dates

  • January 5, 2026: Sovereign Diamonds Limited submitted clarification
  • January 6, 2026: Electrotherm (India) Limited and JTEKT India Limited submitted clarifications

Impact Assessment

Minimal market impact. This is a routine surveillance activity where BSE monitors unusual trading patterns and seeks clarifications from companies. All three companies confirmed no undisclosed material information exists, indicating the price and volume movements are driven by normal market dynamics rather than fundamental company developments. The clarifications provide transparency to market participants but do not reveal any actionable information.

Impact Justification

Routine surveillance clarifications with no price-sensitive information disclosed by companies