Description

Three companies provide clarifications to BSE regarding significant price and volume movements in their securities, stating movements are market driven with no undisclosed material information.

Summary

Three companies - S. M. Gold Limited, Capital India Finance Limited, and MMTC Limited - submitted clarifications to BSE in response to surveillance queries regarding significant price and volume movements in their securities. All companies confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 30, and stated that no material information has been withheld. The companies attributed the observed movements to market-driven factors.

Key Points

  • S. M. Gold Limited (BSE Scrip Code: 542034) responded to BSE letter Ref. No. L/SURV/ONL/PV/APJ/2025-2026/866 regarding price movement
  • Capital India Finance Limited (BSE Scrip Code: 530879, 976963) responded to BSE letter Ref. No. L/SURV/ONL/PV/APJ/2025-2026/868 regarding volume movement
  • MMTC Limited submitted clarification (reference number BS/325/SEs/2022 dated January 15, 2026)
  • All companies confirmed timely disclosures under Regulation 30 of SEBI LODR 2015
  • No material or price-sensitive information has been withheld by any company
  • Price and volume movements attributed to market conditions and market-driven factors

Regulatory Changes

No regulatory changes announced. This circular documents routine compliance with existing disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Companies must respond to stock exchange surveillance queries regarding unusual price/volume movements
  • Companies must confirm compliance with Regulation 30 disclosure obligations
  • Companies must explicitly state whether any material information has been withheld
  • Companies must provide explanation for observed market movements

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
  • January 16, 2026: Date of BSE surveillance queries

Impact Assessment

Minimal market impact as these are routine surveillance responses with no new material information disclosed. The clarifications confirm normal regulatory oversight processes are functioning. No compliance violations or undisclosed events were identified. The movements in share prices and volumes are confirmed to be market-driven without company-specific catalysts requiring disclosure.

Impact Justification

Routine clarifications to exchange surveillance queries with no new material information disclosed or compliance issues identified