Description

Clarifications from S. M. Gold Limited, Capital India Finance Limited, and MMTC Limited regarding significant movement in price/volume of their securities.

Summary

BSE received clarifications from three companies - S. M. Gold Limited (BSE: 542034), Capital India Finance Limited (BSE: 530879, 976963), and MMTC Limited - in response to BSE surveillance queries regarding significant movement in price/volume of their securities. All companies confirmed they have made timely disclosures as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have not withheld any material or price-sensitive information, and attributed the observed movements to market forces.

Key Points

  • S. M. Gold Limited responded to BSE letter ref L/SURV/ONL/PV/APJ/2025-2026/866 regarding significant price movement
  • Capital India Finance Limited responded to BSE letter ref L/SURV/ONL/PV/APJ/2025-2026/868 regarding volume movement
  • MMTC Limited also provided clarification (letter reference BS/325/SEs/2022 dated January 15, 2026)
  • All companies confirmed compliance with Regulation 30 of SEBI LODR Regulations, 2015
  • Companies confirmed no material information has been withheld that would affect price/volume behavior
  • Price and volume movements characterized as purely market driven

Regulatory Changes

No regulatory changes announced. This is a routine surveillance and disclosure matter.

Compliance Requirements

  • Companies must continue making timely disclosures of all material events and price-sensitive information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies must respond to stock exchange surveillance queries regarding unusual price/volume movements
  • Listed entities must not withhold any material information that could impact trading behavior

Important Dates

  • January 16, 2026: Date of clarifications from S. M. Gold Limited and Capital India Finance Limited
  • January 15, 2026: Date of clarification from MMTC Limited

Impact Assessment

Minimal market impact. These are standard surveillance clarifications that confirm companies are in compliance with disclosure norms. The clarifications provide transparency that no undisclosed corporate actions or material events are driving the observed price/volume movements. Investors are informed that recent trading activity in these securities is market-driven rather than based on unreleased company-specific information.

Impact Justification

Routine surveillance clarifications from companies confirming no undisclosed price-sensitive information; movements attributed to market forces