Description

BSE circular containing price movement clarifications from Garnet International Ltd, Indo Euro Indchem Limited, and Mercury EV-Tech Limited in response to surveillance queries.

Summary

BSE received clarifications from three listed companies - Garnet International Ltd (Scrip Code: 512493), Indo Euro Indchem Limited (Scrip Code: 524458), and Mercury EV-Tech Limited (Scrip Code: 531357) - in response to surveillance queries regarding significant price movements in their securities. All three companies confirmed that there is no additional undisclosed information or pending announcements that could impact their share prices, and attributed the price movements to normal market conditions.

Key Points

  • Garnet International Ltd (dated 29.01.2026) confirmed no additional information or pending announcements requiring disclosure under regulations
  • Indo Euro Indchem Limited (dated 29.01.2026) stated price movement is purely due to market conditions and the company has no control or knowledge of specific reasons
  • Mercury EV-Tech Limited (dated 29.01.2026, responding to 28.01.2026 query) confirmed no additional information under Regulation 30 of SEBI LODR 2015
  • All companies reaffirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies confirmed management is not connected to price movements and will continue disclosing material events as required

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price/volume movements
  • Ongoing obligation to disclose price-sensitive information under Regulation 30 of SEBI LODR 2015
  • Companies must confirm whether any undisclosed material information exists that could explain price movements

Important Dates

  • January 28, 2026: BSE surveillance query sent to Mercury EV-Tech Limited
  • January 29, 2026: Clarifications received from all three companies
  • January 29, 2026: BSE surveillance email reference LISURV/ONL/PV/APJ/2025-2026/883 to Garnet International

Impact Assessment

Minimal market impact. This is a routine disclosure exercise where BSE’s surveillance mechanism identified unusual price movements and sought clarifications from the affected companies. All three companies provided standard responses confirming no undisclosed material information exists. The clarifications serve to maintain market transparency and investor confidence by ensuring that price movements are not driven by undisclosed material events. No action required from investors or other market participants.

Impact Justification

Routine clarifications from companies confirming no undisclosed price-sensitive information regarding recent price movements. Standard surveillance response with no material impact.