Description

Companies provide clarifications on price movements and volume spikes, confirming compliance with SEBI LODR Regulations and stating movements are market-driven.

Summary

BSE sought clarifications from multiple companies regarding significant price movements and volume increases in their securities. Four companies - Yajur Fibres Ltd., Sun Pharma Advanced Research Company Ltd., India Tourism Development Corporation Ltd., and Gala Precision Engineering Ltd. - responded confirming compliance with SEBI LODR Regulations, stating they have made all required disclosures under Regulation 30, and are unaware of any specific reasons for the price/volume movements which they attribute to market forces.

Key Points

  • Yajur Fibres Ltd. (Scrip Code: 544676) clarified it is not aware of reasons for significant price movement and states management is not connected with share price movement
  • Sun Pharma Advanced Research Company Ltd. (Scrip Symbol: 532872) confirmed compliance with Regulation 30 and stated no undisclosed information exists
  • India Tourism Development Corporation Ltd. (ITDC) responded to queries about spurt in volume, confirming no pending disclosures under SEBI LODR Regulations 2015
  • Gala Precision Engineering Ltd. provided clarification to BSE Surveillance Department
  • All companies emphasized movements are purely market-driven
  • All companies confirmed adherence to disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Regulatory Changes

No regulatory changes introduced. This circular documents company responses to exchange surveillance queries as part of routine monitoring under existing SEBI LODR framework.

Compliance Requirements

  • Companies confirmed ongoing compliance with Regulation 30 of SEBI LODR Regulations 2015
  • All material information affecting company operations/performance has been disclosed within stipulated timelines
  • Companies committed to continue timely and adequate disclosures to stock exchanges
  • No new compliance requirements imposed

Important Dates

  • February 02, 2026: Date of clarifications submitted by all four companies to BSE

Impact Assessment

Market Impact: Minimal. These are routine surveillance clarifications confirming no undisclosed material events. The circular provides transparency that observed price/volume movements are market-driven rather than based on undisclosed material information.

Investor Impact: Low. Investors are informed that companies have no pending material disclosures and price movements reflect normal market dynamics.

Operational Impact: None. No operational changes required for listed entities beyond existing disclosure obligations.

Compliance Impact: Neutral. Demonstrates functioning of exchange surveillance mechanisms and company adherence to disclosure norms under Regulation 30.

Impact Justification

Routine clarifications confirming no material undisclosed information; price movements attributed to market forces with no operational impact