Description

Companies provide clarifications on news articles and speculative reports. CreditAccess Grameen clarifies reports about potential promoter share sale, REC Limited addresses news coverage.

Summary

BSE issued a circular containing clarifications from listed companies in response to news articles and media reports. The circular includes responses from CreditAccess Grameen Limited (Scrip code: 541770) and REC Limited addressing speculative news coverage. Companies confirmed no undisclosed material events requiring disclosure under Regulation 30 of SEBI LODR Regulations, 2015.

Key Points

  • CreditAccess Grameen Limited responded to speculative news regarding potential promoter share sale
  • The news article about potential sale of shares by promoters is speculative and no decisions have been taken
  • Promoters periodically evaluate various liquidity options available to their shareholders
  • No decision made regarding any investment by the bank mentioned in news article
  • Company confirmed no undisclosed material information that could explain trading movements
  • No regulatory or legal proceedings pending related to the subject matter
  • REC Limited also provided clarification on news coverage (partial information in provided content)
  • Companies reaffirmed commitment to compliance with SEBI regulations and disclosure requirements

Regulatory Changes

No regulatory changes announced. This circular pertains to routine compliance with existing disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Listed companies must provide clarifications on news articles/rumors when requested by stock exchanges
  • Companies must address whether negotiations/events mentioned in news were taking place
  • Companies must disclose if they are aware of any undisclosed information that could explain trading movements
  • Companies must assess and report material impact of news articles on their business
  • Companies must inform exchanges about any regulatory/legal proceedings related to news coverage
  • Companies must maintain high standards of governance and timely disclosure of material events

Important Dates

  • February 2, 2026: Stock exchanges sent email communication seeking rumor verification/news clarification
  • February 2, 2026: CreditAccess Grameen Limited submitted clarification letter
  • February 3, 2026: REC Limited’s clarification letter dated
  • February 3, 2026: BSE circular issued

Impact Assessment

CreditAccess Grameen Limited: The company stated that the news articles are baseless and speculative, with no impact on business operations. However, such news may have caused market speculation and trading volatility. The clarification helps stabilize investor sentiment by confirming no material undisclosed events exist.

Market Impact: Medium - While the companies clarified that news reports were speculative, such clarifications are important for maintaining market integrity and preventing price manipulation based on rumors. The transparency helps investors make informed decisions and reduces information asymmetry.

Operational Impact: Low - No operational changes or business impact reported by the companies. The clarifications are administrative in nature, ensuring regulatory compliance with disclosure requirements.

Impact Justification

Routine clarifications on news articles by listed companies to address speculative reports and maintain transparency, as required under LODR regulations