Description

Three companies provide clarifications to BSE regarding increased volume/price movements in their securities, stating no undisclosed material information and attributing movements to market conditions.

Summary

BSE received clarifications from three listed companies - Emmvee Photovoltaic Power Limited (Scrip Code: 544608), Indian Metals & Ferro Alloys Limited (Stock Code: 533047), and Manaksia Aluminium Company Limited (Scrip Code: 539045) - in response to BSE Surveillance Department’s queries regarding increased volume/price movements in their securities. All three companies confirmed compliance with SEBI LODR Regulation 30, stated no undisclosed material information, and attributed the volume/price behavior to market-driven conditions.

Key Points

  • Emmvee Photovoltaic Power Limited responded to BSE letter L/SURV/ONL/PV/APJ/2025-2026/846 dated January 07, 2026
  • Indian Metals & Ferro Alloys Limited responded to BSE letter L/SURV/ONL/PV/APJ/2025-2026/848 dated January 7, 2026
  • All companies confirmed full compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • No material information or events withheld that could impact price/volume behavior
  • Companies attribute volume/price movements to market conditions and market-driven forces
  • All companies confirmed no pending compliance requirements

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies are required to respond to BSE surveillance queries regarding unusual volume/price movements
  • Must confirm compliance with SEBI LODR Regulation 30 regarding disclosure of material events
  • Need to clarify whether any undisclosed information exists that may impact securities behavior

Important Dates

  • January 07, 2026: Date of clarifications submitted by all three companies

Impact Assessment

This is a routine surveillance and disclosure exercise with minimal market impact. The clarifications confirm that the observed volume/price movements in these securities are market-driven rather than triggered by undisclosed material events. This provides transparency to investors and confirms regulatory compliance by the listed entities. No corrective actions or concerns identified.

Impact Justification

Routine clarifications from companies in response to BSE surveillance queries with no material events disclosed