Description

BSE has requested clarifications from Lotus Chocolate Company Ltd and Bharat Rasayan Ltd due to significant price/volume movements observed in their securities.

Summary

BSE has observed significant price and volume movements in the securities of Lotus Chocolate Company Ltd (Security Code: 523475) and Bharat Rasayan Ltd (Security Code: 590021). To ensure trading members and investors have access to latest relevant information, the Exchange has written to both companies seeking clarifications. Responses from the companies are awaited.

Key Points

  • Two companies identified with significant price/volume movements in recent trading
  • Lotus Chocolate Company Ltd (Security Code: 523475)
  • Bharat Rasayan Ltd (Security Code: 590021)
  • BSE has written to both companies requesting clarifications
  • Responses from companies are pending
  • Action taken to ensure transparency for trading members and investors

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

The listed companies (Lotus Chocolate Company Ltd and Bharat Rasayan Ltd) are required to provide clarifications to BSE regarding the observed price/volume movements in their securities.

Important Dates

  • Notice Date: January 28, 2026
  • Clarification Response: Awaited from both companies

Impact Assessment

Market Impact: Medium - This surveillance action indicates unusual trading activity in the two securities which may affect investor confidence and trading decisions until clarifications are received.

Investor Impact: Investors holding or considering positions in Lotus Chocolate Company Ltd and Bharat Rasayan Ltd should await company responses before making trading decisions. The price/volume movements suggest potential material information or market speculation that requires official clarification.

Compliance Impact: The companies are under regulatory scrutiny and must provide timely responses to maintain compliance with disclosure norms and preserve market integrity.

Impact Justification

Surveillance action on specific companies due to abnormal trading patterns. Awaiting company responses which may affect investor decisions.