Description
BSE circular containing clarifications from Adani Energy Solutions Ltd and Hindustan Petroleum Corporation Ltd regarding news articles published about their business activities.
Summary
BSE issued a circular containing clarifications from two listed companies - Adani Energy Solutions Ltd and Hindustan Petroleum Corporation Ltd - regarding news articles published about their business activities. Both companies confirmed that the reported contracts/agreements are in the ordinary course of business and do not require disclosure under SEBI Listing Regulations.
Key Points
- Adani Energy Solutions Ltd clarified news about securing hybrid power mandate from Asahi India Glass
- Contract signed on January 7, 2026 for hybrid power supply and management with Asahi India Glass
- Adani confirmed the contract is in ordinary course of business (transmission and distribution of energy)
- No material impact on company operations
- Hindustan Petroleum Corporation Ltd provided clarification on news article from CNBCTV18 dated January 27, 2026
- HPCL news relates to partnership with Castrol India for re-refined base oil ecosystem development
- HPCL signed non-binding Memorandum (document appears truncated)
- Both companies confirmed no disclosure required under Regulation 30 of SEBI Listing Regulations
Regulatory Changes
No regulatory changes introduced in this circular.
Compliance Requirements
- Companies must provide clarifications when BSE requests information about news articles
- Companies must assess whether contracts fall under disclosure requirements of Schedule III, Part A, Para B, Item 4 of SEBI Listing Regulations
- Disclosure required only for contracts not in ordinary course of business
- Companies must continue monitoring for events requiring disclosure under Regulation 30
Important Dates
- January 27, 2026: News articles published about both companies
- January 27, 2026: BSE email requesting clarification (ref: L/SURV/ONL/RV/SG/ (2025-2026)/ 155)
- January 28, 2026: Circular issued with company clarifications
- January 7, 2026: Adani Energy Solutions signed contract with Asahi India Glass
Impact Assessment
Market Impact: Minimal. Both clarifications confirm business-as-usual activities with no material operational or financial impact.
Investor Impact: Low. The clarifications provide transparency that the reported news items do not constitute material events requiring separate disclosure.
Operational Impact: None. Both contracts/agreements are part of ordinary business operations for the respective companies.
Compliance Impact: Demonstrates proper adherence to BSE surveillance requirements for clarifying market news and proper application of materiality thresholds under SEBI Listing Regulations.
Impact Justification
Routine clarifications confirming news articles relate to ordinary course business activities with no material impact on operations