Description

Companies provide clarifications on significant increases in trading volume and price movements, stating they are market-driven with no undisclosed price-sensitive information.

Summary

Three companies - Wonder Electricals Limited, Davangere Sugar Company Limited, and Patel Engineering Ltd - have provided clarifications to BSE and NSE regarding significant increases in trading volume and price movements of their securities. All companies confirmed they have no undisclosed price-sensitive information and attribute the movements to market-driven factors beyond their control. The companies reiterated their compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points

  • Wonder Electricals Limited (Scrip Code: 543449, Symbol: WEL, ISIN: INE02WG01024) clarified on January 19, 2026 regarding significant volume increase
  • Davangere Sugar Company Limited (Scrip Code: 543267, Symbol: DAVANGERE, CIN: L10721KA1970PLC001949) clarified on January 17, 2026 regarding price movement
  • Patel Engineering Ltd (Scrip Code: 531120, CIN: L99999MH1949PLC007039) clarified on January 19, 2026 regarding volume increase
  • All companies confirmed no undisclosed events or price-sensitive information pending disclosure under Regulation 30
  • Companies stated that movements are market-driven and attributable to general market conditions
  • All companies confirmed compliance with disclosure requirements and commitment to timely future disclosures

Regulatory Changes

No regulatory changes introduced. This circular documents routine surveillance responses.

Compliance Requirements

  • Companies must respond to exchange queries on unusual price/volume movements
  • Companies must confirm whether any undisclosed price-sensitive information exists
  • Companies must state compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • Companies must provide clarification on factors that may have caused the movement

Important Dates

  • January 19, 2026: Wonder Electricals Limited clarification submitted
  • January 17, 2026: Davangere Sugar Company Limited clarification submitted
  • January 19, 2026: Patel Engineering Ltd clarification submitted
  • January 16, 2026: BSE and NSE surveillance queries issued to Davangere Sugar Company Limited

Impact Assessment

Market Impact: Minimal. These are standard surveillance responses confirming no fundamental company-specific developments driving the price/volume movements.

Investor Impact: Low. The clarifications provide transparency that the movements are market-driven rather than based on undisclosed material information, reducing information asymmetry.

Operational Impact: None. These are disclosure-only events with no operational changes required.

Regulatory Impact: Demonstrates active market surveillance by exchanges and compliance by listed entities with disclosure obligations under SEBI regulations.

Impact Justification

Routine clarifications confirming no undisclosed material information; movements attributed to market conditions