Description

Three companies provide clarifications to BSE regarding recent price movements in their securities, stating no undisclosed material information exists.

Summary

BSE received clarifications from three listed companies - Garnet International Limited (Scrip Code: 512493), Indo Euro Indchem Limited (Scrip Code: 524458), and Mercury EV-Tech Limited (Scrip Code: 531357) - in response to BSE Surveillance Department’s queries regarding significant price movements in their securities. All three companies confirmed that there is no additional undisclosed information or impending announcements that could have caused the price movements.

Key Points

  • Garnet International Limited confirmed no additional information/announcement requiring disclosure under SEBI regulations that may have bearing on price/volume behavior
  • Indo Euro Indchem Limited stated that price movement is purely due to market conditions and market driven, with the company having no control or knowledge of specific reasons
  • Mercury EV-Tech Limited affirmed no additional information or impending announcements under Regulation 30 of SEBI (LODR) Regulations 2015 that may impact price movement
  • All companies reiterated their compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
  • Companies confirmed they will continue to inform the stock exchange of any material events as required

Regulatory Changes

No regulatory changes announced. This circular documents companies’ responses to routine surveillance inquiries.

Compliance Requirements

  • Companies must respond to BSE Surveillance Department queries regarding unusual price movements
  • Companies must disclose any material information under Regulation 30 of SEBI (LODR) Regulations 2015
  • Companies must maintain continuous compliance with disclosure obligations

Important Dates

  • January 29, 2026: Date of clarifications submitted by all three companies
  • January 28, 2026: Date of BSE surveillance inquiry to Mercury EV-Tech Limited

Impact Assessment

Minimal market impact. These are routine clarifications confirming that recent price movements in the three securities were not driven by undisclosed material information. The clarifications serve to maintain market transparency and confirm regulatory compliance. No new material information was disclosed that would affect trading decisions or market operations.

Impact Justification

Routine clarifications from companies confirming no undisclosed material information; standard surveillance response with no new material developments