Description

Three companies (Godfrey Phillips India, Magna Electro Castings, and Stratmont Industries) responded to BSE queries regarding unusual price/volume movements, confirming no undisclosed material information.

Summary

BSE issued surveillance queries to three listed companies regarding significant movements in their share prices and trading volumes. All three companies—Godfrey Phillips India Limited (Scrip Code: 500163), Magna Electro Castings Limited (Scrip Code: 517449), and Stratmont Industries Limited (Scrip Code: 530495)—responded confirming they are not aware of any Unpublished Price Sensitive Information (UPSI) that would have caused the movements. The companies attributed the price and volume changes to market conditions and reaffirmed their compliance with SEBI LODR Regulations, 2015.

Key Points

  • Godfrey Phillips India Limited (February 9, 2026): Responded to BSE query about significant volume increase, clarifying no UPSI exists and movements are market-driven
  • Magna Electro Castings Limited (February 7, 2026): Addressed price movement query, confirming timely disclosure of all material information and no withheld information
  • Stratmont Industries Limited (February 6, 2026): Clarified price movement is market-driven with no undisclosed material events
  • All companies confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies stated they have no control over market-driven price and volume changes

Regulatory Changes

No regulatory changes. This circular documents routine surveillance activities by BSE under existing SEBI LODR Regulations.

Compliance Requirements

  • Listed companies must respond promptly to stock exchange surveillance queries regarding unusual price or volume movements
  • Companies must confirm whether any Unpublished Price Sensitive Information exists that could explain market movements
  • Continued adherence to Regulation 30 of SEBI LODR Regulations, 2015 for disclosure of material events
  • Companies must keep stock exchanges informed of any events that may impact share prices as and when they occur

Important Dates

  • February 6, 2026: BSE query sent to Stratmont Industries; company response dated same day
  • February 6, 2026: BSE query sent to Magna Electro Castings (reference: L/SURV/ONL/PV/SJ/2025-2026/3358)
  • February 7, 2026: Magna Electro Castings response submitted
  • February 9, 2026: BSE query sent to Godfrey Phillips India (reference: L/SURV/ONL/PV/APJ/2025-2026/906); company response dated same day

Impact Assessment

Market Impact: Minimal. These are routine surveillance clarifications with no material information disclosed. The responses confirm that recent price and volume movements in these three stocks were market-driven rather than caused by undisclosed corporate developments.

Investor Impact: Low. Investors are informed that no hidden material information exists for these companies. The clarifications provide transparency but do not reveal any fundamental changes in business operations or prospects.

Operational Impact: None. All three companies confirmed normal operations and compliance with disclosure requirements. No operational changes or corporate actions were announced.

Impact Justification

Routine surveillance responses confirming no undisclosed material information; purely market-driven movements with no regulatory or operational changes