Description

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

Summary

Three companies - Wonder Electricals Limited, Davangere Sugar Company Limited, and Patel Engineering Ltd. - submitted 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 attributed the movements to market-driven factors beyond their control. The companies reiterated their commitment to timely compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points

  • Wonder Electricals Limited (WEL, Scrip Code: 543449, ISIN: INE02WG01024) clarified significant volume increase is market-driven
  • Davangere Sugar Company Limited (Scrip Code: 543267, CIN: L10721KA1970PLC001949) responded to price movement query dated January 16, 2026
  • Patel Engineering Ltd. (Scrip Code: 531120, CIN: L99999MH1949PLC007039) provided clarification on volume increase
  • All companies confirmed no pending disclosures under Regulation 30 of SEBI LODR
  • Companies stated they have made all required disclosures from time to time
  • Price and volume movements attributed to general market conditions

Regulatory Changes

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

Compliance Requirements

  • Companies continue to be required to disclose price-sensitive information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • All three companies confirmed ongoing compliance with listing regulations
  • No new compliance obligations introduced

Important Dates

  • January 19, 2026: Wonder Electricals Limited and Patel Engineering Ltd. submitted clarifications
  • January 17, 2026: Davangere Sugar Company Limited submitted clarification
  • January 16, 2026: BSE and NSE requested clarifications from Davangere Sugar Company Limited

Impact Assessment

This circular has minimal market impact as it represents routine surveillance follow-up. The clarifications confirm:

  • No undisclosed material events or price-sensitive information affecting the companies
  • Trading activity is within normal market behavior
  • Companies are in compliance with disclosure requirements
  • No operational or financial concerns identified

Investors can be assured that recent price and volume movements in these securities are not due to undisclosed corporate developments. The surveillance mechanism demonstrates exchange oversight functioning as intended to ensure market transparency.

Impact Justification

Routine clarifications confirming no undisclosed material information; price and volume movements attributed to normal market conditions with no operational impact