Description

BSE circular containing clarifications from CreditAccess Grameen Limited and REC Limited regarding news articles and speculative reports.

Summary

BSE issued a circular containing clarifications from two listed companies - CreditAccess Grameen Limited (Scrip: 541770, Symbol: CREDITACC) and REC Limited - in response to news articles and speculative media reports. Both companies denied the speculative nature of the reports and confirmed no material events requiring disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.

Key Points

  • CreditAccess Grameen Limited clarified that news regarding potential sale of promoter shares is speculative and no decisions have been taken
  • The company confirmed that promoters periodically evaluate liquidity options for their shareholders
  • No material events or information exist that would require disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • The company stated the news article is baseless and has no impact on business operations
  • No regulatory or legal proceedings are pending related to the subject matter
  • REC Limited’s clarification appears to be included but the content is incomplete in the provided source
  • Both clarifications were dated February 2-3, 2026

Regulatory Changes

No regulatory changes announced. This circular relates to compliance with existing SEBI (LODR) Regulations, 2015, specifically Regulation 30 regarding disclosure of material events.

Compliance Requirements

  • Listed companies must respond to exchange queries seeking rumor verification and news clarification
  • Companies must clarify whether negotiations or events mentioned in news articles are taking place
  • Companies must disclose any information not announced to exchanges that could explain trading movements
  • Companies must assess and report material impact of news articles on their business
  • Companies must inform exchanges of any regulatory or legal proceedings related to the subject matter
  • Companies must maintain compliance with Regulation 30 of SEBI (LODR) Regulations, 2015 regarding timely disclosure of material events

Important Dates

  • February 2, 2026: BSE’s email communication seeking rumor verification from CreditAccess Grameen Limited
  • February 2, 2026: Date of CreditAccess Grameen Limited’s clarification response
  • February 3, 2026: Date of REC Limited’s clarification response
  • February 3, 2026: Circular issuance date

Impact Assessment

Market Impact: Low - The clarifications deny speculative reports and confirm no material events requiring disclosure. CreditAccess Grameen explicitly stated the news has no impact on business operations.

Operational Impact: None - Both companies confirmed normal business operations continue without material changes.

Investor Impact: Minimal - Provides clarity to investors that speculative news reports are unfounded and no undisclosed material information exists that could affect trading decisions.

Compliance Impact: Routine - Demonstrates standard regulatory compliance process where exchanges seek clarifications on news articles and companies respond as required under SEBI (LODR) Regulations.

Impact Justification

Routine clarifications from companies denying speculative news reports with no material impact on business operations or trading