Description

Three companies provide clarifications to BSE regarding unusual volume movements in their securities, stating no material information was withheld and movements are market-driven.

Summary

BSE received clarifications from three listed companies in response to surveillance queries regarding unusual volume movements in their securities on January 07, 2026. Emmvee Photovoltaic Power Limited (Scrip: 544608), Indian Metals & Ferro Alloys Limited (Scrip: 533047), and Manaksia Aluminium Company Limited (Scrip: 539045) each confirmed compliance with SEBI Listing Regulations and stated they have not withheld any material information that could affect price/volume behavior.

Key Points

  • BSE Surveillance Department issued volume movement letters to multiple companies on January 7, 2026
  • All three companies confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies stated no material information or impending announcements were withheld that could impact share price/volume
  • All companies attributed the volume/price movements to normal market conditions and market-driven behavior
  • Companies confirmed they are not aware of any specific reason for the volume increase

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual volume movements
  • Continued adherence to Regulation 30 of SEBI LODR for timely disclosure of material events
  • Companies must confirm whether any undisclosed material information exists that could affect securities pricing

Important Dates

  • January 7, 2026: BSE issued volume movement queries via email
  • January 7, 2026: Companies submitted clarification responses

Impact Assessment

Market Impact: Minimal. These are routine surveillance clarifications with no new material information disclosed. The responses indicate normal market activity rather than company-specific developments.

Investor Impact: Low. Investors can be assured that companies have confirmed compliance with disclosure norms and no material undisclosed information exists.

Operational Impact: None. This is a standard surveillance procedure with companies confirming existing compliance protocols are being followed.

Impact Justification

Routine surveillance clarifications with no material information disclosed; companies confirm compliance with listing obligations and attribute volume increases to normal market activity