Description

BSE Surveillance sought clarifications from Jindal Poly Films Limited and AXISCADES Technologies Limited regarding significant movement in price and volume of their securities.

Summary

BSE Surveillance issued clarification requests to two companies - Jindal Poly Films Limited (BSE: 500227) and AXISCADES Technologies Limited (BSE: 532395) - regarding unusual price and volume movements in their securities. Both companies responded confirming that the movements are market-driven and that they have disclosed all material events as required under SEBI (LODR) Regulations, 2015.

Key Points

  • Jindal Poly Films Limited received query regarding significant price movement (Ref. No.: L/SURV/ONL/PV/APJ/2025-2026/879)
  • AXISCADES Technologies Limited received query regarding significant volume increase (Ref. No.: L/SURV/ONL/PV/APJ/2025-2026/878)
  • Both companies confirmed all disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015 are up to date
  • No undisclosed price sensitive information or material events pending disclosure
  • Companies attributed movements to market forces
  • Both companies committed to timely disclosure of future material events

Regulatory Changes

No regulatory changes announced. This is a routine surveillance monitoring exercise by BSE.

Compliance Requirements

  • Companies must continue to disclose all material events under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Any unpublished price sensitive information (UPSI) must be disclosed promptly upon crystallization
  • Disclosures must be made after due approval from competent authority
  • Companies must comply with SEBI (Prohibition of Insider Trading) Regulations, 2015

Important Dates

  • January 23, 2026: BSE Surveillance queries issued
  • January 23, 2026: Companies submitted clarifications

Impact Assessment

Market Impact: Minimal. These are routine surveillance queries that exchanges issue when unusual trading patterns are observed. Both companies provided standard responses indicating no material undisclosed information.

Operational Impact: None. Companies are already in compliance with disclosure requirements.

Investor Impact: Neutral. The clarifications confirm that recent price/volume movements are market-driven and not based on any undisclosed corporate developments. Investors can continue trading with confidence that all material information has been disclosed.

Regulatory Significance: This demonstrates active surveillance by BSE to ensure market integrity and timely disclosure of material information.

Impact Justification

Routine surveillance queries with standard responses from companies confirming no undisclosed material information. Market-driven price movements with no regulatory action required.