Description

BSE-sought clarifications from Jindal Saw Ltd and KRN Heat Exchanger and Refrigeration Ltd on significant price/volume movements in their shares, with both companies confirming no undisclosed price-sensitive information.

Summary

BSE sought clarifications from two listed companies — Jindal Saw Ltd (BSE: 500378) and KRN Heat Exchanger and Refrigeration Ltd (BSE: 544263) — regarding significant movements in their respective share price or trading volume. Both companies responded confirming that the movements are purely market-driven and that no undisclosed price-sensitive information exists.

Key Points

  • Jindal Saw Ltd (Stock Code: 500378) clarified in response to BSE letter L/SURV/ONL/PV/SG/2025-2026/940 dated 26.02.2026 that the significant increase in trading volume is market-driven.
  • KRN Heat Exchanger and Refrigeration Ltd (Script Code: 544263, ISIN: INE0Q3J01015) clarified in response to BSE letter L/SURV/ONL/PV/SJ/2025-2026/3399 dated 25.02.2026 that the significant price movement is purely market-driven.
  • Both companies confirmed they have made all necessary disclosures and announcements as required under applicable regulations.
  • Neither company has any undisclosed price-sensitive information or material events pending disclosure.
  • Both companies reaffirmed their commitment to transparency and regulatory compliance.

Regulatory Changes

No regulatory changes. These are standard surveillance-driven clarification disclosures.

Compliance Requirements

  • KRN Heat Exchanger cited compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for all prior disclosures.
  • No new compliance actions are required of investors or market participants as a result of these clarifications.

Important Dates

  • 25.02.2026: BSE issued surveillance query to KRN Heat Exchanger; KRN responded on 25.02.2026.
  • 26.02.2026: BSE issued surveillance query to Jindal Saw Ltd; Jindal Saw responded on 26.02.2026.
  • 26.02.2026: BSE published this circular compiling both clarifications.

Impact Assessment

Minimal market impact. Both clarifications are routine BSE surveillance responses confirming no undisclosed material information. Investors should note that while the companies attribute movements to market forces, no specific business catalyst has been disclosed. The clarifications provide reassurance that both companies are in compliance with disclosure norms under SEBI (LODR) Regulations, 2015.

Impact Justification

Routine surveillance-triggered clarifications from two companies confirming market-driven price/volume movements with no undisclosed material information; no regulatory changes or compliance actions required.