Description

Three companies provide clarifications to BSE regarding unusual price/volume movements in their securities, stating movements are market-driven with no undisclosed price-sensitive information.

Summary

BSE published clarifications from three listed companies responding to exchange queries about unusual price or volume movements in their securities. All three companies—Godfrey Phillips India Limited, Magna Electro Castings Limited, and Stratmont Industries Limited—confirmed they have no undisclosed price-sensitive information and attributed the movements to market conditions beyond their control.

Key Points

  • Godfrey Phillips India Limited (Scrip Code: 500163) clarified on February 9, 2026 regarding significant volume increase
  • Magna Electro Castings Limited (Scrip Code: 517449) clarified on February 7, 2026 regarding price movement
  • Stratmont Industries Limited (Scrip Code: 530495) clarified on February 6, 2026 regarding price movement
  • All companies confirmed compliance with SEBI LODR Regulations, 2015
  • All companies stated no unpublished price-sensitive information exists
  • Companies attributed movements to market-driven conditions outside their control
  • All companies reaffirmed commitment to timely disclosure under Regulation 30 of SEBI LODR

Regulatory Changes

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

Compliance Requirements

  • Companies must respond to exchange surveillance queries regarding unusual price/volume movements
  • Listed entities must confirm whether any undisclosed material information exists
  • Companies must reaffirm adherence to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Timely disclosure obligations continue to apply for any material events

Important Dates

  • February 6, 2026: Stratmont Industries submitted clarification
  • February 7, 2026: Magna Electro Castings submitted clarification
  • February 9, 2026: Godfrey Phillips India submitted clarification
  • February 9, 2026: BSE published consolidated circular

Impact Assessment

Market Impact: Minimal. These are routine surveillance responses indicating no material undisclosed events affecting the companies.

Investor Impact: Provides transparency that recent price/volume movements are not due to withheld information, confirming market-driven activity.

Operational Impact: None. Companies continue normal operations with no material changes disclosed.

Compliance Impact: Demonstrates functioning surveillance mechanism and company responsiveness to exchange queries under SEBI LODR framework.

Impact Justification

Routine surveillance responses confirming no undisclosed material information; no regulatory action or material business development