Description

BSE circular containing clarifications from REDTAPE Limited regarding stake sale negotiations news and Eternal Limited regarding Blinkit delivery deadline news.

Summary

BSE issued surveillance queries to REDTAPE Limited and Eternal Limited seeking clarifications on news articles. REDTAPE clarified that while the company explores strategic opportunities, no event has occurred warranting disclosure under Regulation 30 of SEBI LODR regarding reported stake sale negotiations. Eternal Limited clarified there is no material development in the company or change in Blinkit’s business model requiring disclosure.

Key Points

  • REDTAPE Limited (Scrip Code: 543957) clarified news about founders eyeing stake sale
  • Company/promoters explore strategic opportunities but no disclosable event has occurred
  • No information exists that has not been announced to exchanges
  • Eternal Limited (Scrip Code: 543320) clarified news about Blinkit removing 10-minute delivery deadline
  • No change in Blinkit’s business model with material impact on the company
  • No sharp share price movement observed after article publication at 3 pm
  • Both companies confirmed compliance with ongoing disclosure obligations under Regulation 30

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding news articles
  • Companies must clarify whether negotiations/events mentioned in news are taking place
  • If applicable, provide chronological sequence of events from start of negotiations
  • Confirm awareness of any undisclosed information that could explain trading movements
  • Disclose regulatory/legal proceedings if applicable
  • Continue compliance with Regulation 30 of SEBI (LODR) Regulations, 2015

Important Dates

  • January 13, 2026: BSE surveillance queries issued to both companies
  • January 13, 2026: REDTAPE Limited submitted clarification response
  • January 13, 2026: Eternal Limited submitted clarification response

Impact Assessment

Minimal market impact as both clarifications confirm no material undisclosed events. REDTAPE’s response indicates routine exploration of strategic opportunities without concrete developments. Eternal’s clarification addresses quick commerce news with no business model changes. Both companies remain compliant with disclosure requirements, providing transparency to market participants and preventing speculation based on media reports.

Impact Justification

Routine clarifications in response to BSE surveillance queries with no material events requiring disclosure under Regulation 30