Description

REDTAPE Limited and Eternal Limited provide clarifications on recent news articles regarding stake sale negotiations and quick commerce delivery timelines respectively.

Summary

BSE issued surveillance queries to REDTAPE Limited and Eternal Limited seeking clarifications on news articles published about the companies. REDTAPE Limited clarified a Reuters article about potential stake sale by founders, while Eternal Limited clarified a Moneycontrol article about Blinkit’s delivery timelines. Both companies stated that no material events have occurred requiring disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.

Key Points

  • REDTAPE Limited (Scrip Code: 543957) responded to BSE surveillance query dated January 13, 2026 regarding Reuters news about founders eyeing stake sale
  • Company clarified that promoters explore strategic opportunities from time to time but no event warrants disclosure under Regulation 30 at this stage
  • Eternal Limited (Scrip Code: 543320, ISIN: INE758T01015) clarified news about Blinkit removing 10-minute delivery deadline
  • Eternal stated there is no change in Blinkit’s business model that could have material impact on the company
  • No sharp share price movement observed in Eternal since article publication at 3 PM
  • Both companies confirmed they are not aware of any undisclosed information that could explain trading movements

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding news articles that may impact stock prices
  • Companies must disclose whether negotiations or developments mentioned in news articles warrant disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies must provide chronological sequence of events if negotiations are taking place
  • Companies must inform about any regulatory or legal proceedings related to the news item
  • Companies must confirm awareness of any undisclosed information that could explain abnormal trading movements

Important Dates

  • January 13, 2026: BSE issued surveillance queries to both companies
  • January 13, 2026: Both companies submitted their clarifications to BSE

Impact Assessment

Minimal market impact as both companies clarified that no material events have occurred requiring regulatory disclosure. REDTAPE confirmed that while promoters explore strategic opportunities, no specific transaction has materialized. Eternal clarified that there is no business model change in Blinkit affecting the company. The clarifications are standard responses to exchange surveillance queries and do not indicate any imminent corporate actions or material developments affecting investor interests.

Impact Justification

Routine clarifications in response to BSE surveillance queries on news articles. Both companies clarified no material events requiring disclosure under Regulation 30 of SEBI LODR.