Description

Companies provide clarifications on significant movement in share prices and trading volumes, confirming compliance with disclosure requirements and stating that price movements are market driven.

Summary

BSE sought clarifications from ABB India Limited, Alphalogic Techsys Limited, and Grameva Limited regarding significant movement in share prices and trading volumes. All three companies confirmed they are in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have made all necessary disclosures in a timely manner, and have no pending material information that could impact share prices. The companies stated that the observed price and volume movements are purely market driven.

Key Points

  • ABB India Limited confirmed timely disclosure of all material information up to date in accordance with SEBI LODR Regulations
  • ABB stated it has not withheld any material information that would have a bearing on price/volume behaviour
  • Alphalogic Techsys Limited confirmed no pending price-sensitive information or announcements
  • Grameva Limited confirmed compliance with Regulation 30 and prompt disclosure of all material events
  • All companies confirmed no undisclosed events or information affecting share prices
  • Companies attributed price and volume movements to market forces

Regulatory Changes

No regulatory changes announced. This circular documents routine surveillance responses.

Compliance Requirements

  • Companies are required to respond to BSE surveillance queries regarding unusual price or volume movements
  • Companies must confirm compliance with SEBI (LODR) Regulation 30 regarding timely disclosure of material events
  • Companies must state whether any undisclosed material information exists that could affect share prices

Important Dates

  • January 30, 2026: Date of clarification letters from all three companies
  • January 30, 2026: Date of BSE circular publishing the clarifications

Impact Assessment

This is a routine disclosure with minimal market impact. The clarifications provide transparency that no material undisclosed information exists for these companies. The confirmations should reassure investors that recent price movements are market-driven rather than based on insider information or pending announcements. No specific market action or compliance changes are required based on these clarifications.

Impact Justification

Routine surveillance clarifications confirming no undisclosed material information affecting stock prices