Description

Three companies - Garnet International Ltd, Indo Euro Indchem Limited, and Mercury EV-Tech Limited - provide clarifications on recent price movements of their securities, stating no undisclosed price-sensitive information exists.

Summary

BSE received clarifications from three listed companies regarding recent significant price movements in their securities. Garnet International Limited (scrip code 512493), Indo Euro Indchem Limited (scrip code 524458), and Mercury EV-Tech Limited (scrip code 531357) all responded to BSE Surveillance Department queries stating that there is no additional information or impending announcements that could explain the price movements. All companies confirmed compliance with Regulation 30 of SEBI (LODR) Regulations 2015 and attributed the price movements to market-driven conditions.

Key Points

  • Three companies provided clarifications on price movements in response to BSE surveillance queries dated January 28-29, 2026
  • Garnet International Ltd (Security Code 512493) confirmed no additional information requiring disclosure that may affect price/volume behavior
  • Indo Euro Indchem Limited (Script Code 524458) stated price movement is purely due to market conditions and market-driven, over which the company has no control
  • Mercury EV-Tech Limited (Scrip Code 531357) confirmed no additional information or impending announcements under Regulation 30 that may impact share price
  • All companies reaffirmed adherence to SEBI (LODR) Regulations 2015, particularly Regulation 30 requirements
  • Companies confirmed they have disclosed all price-sensitive information and material events as required

Regulatory Changes

No regulatory changes announced. This circular documents routine compliance responses to exchange surveillance queries.

Compliance Requirements

  • Listed companies must respond to stock exchange queries regarding unusual price movements
  • Companies must confirm whether any undisclosed price-sensitive information exists under Regulation 30 of SEBI (LODR) Regulations 2015
  • Companies must continue to disclose all material events and price-sensitive information on a timely basis
  • Managing Directors or authorized signatories must provide formal written responses to surveillance department queries

Important Dates

  • January 28, 2026: BSE surveillance query sent to Mercury EV-Tech Limited
  • January 29, 2026: BSE surveillance query sent to Garnet International Ltd and Indo Euro Indchem Limited
  • January 29, 2026: All three companies submitted their clarification responses

Impact Assessment

Market Impact: Minimal. These are standard clarifications confirming no undisclosed material information exists. The price movements mentioned are attributed to normal market conditions.

Investor Impact: Low. The clarifications provide transparency but reveal no new material information that would affect investment decisions.

Operational Impact: None. These are routine administrative responses to exchange surveillance mechanisms.

Compliance Impact: Demonstrates active surveillance by BSE and compliance by listed entities with disclosure obligations under SEBI regulations. Reinforces the importance of timely disclosure of price-sensitive information.

Impact Justification

Routine clarifications confirming no undisclosed material information affecting stock prices; purely administrative responses to BSE surveillance queries with no new material disclosures or regulatory changes.