Description

Jindal Saw Ltd. and KRN Heat Exchanger and Refrigeration Ltd. respond to BSE surveillance queries clarifying that recent significant movements in their stock price/volume are market driven with no undisclosed price-sensitive information.

Summary

Two companies — Jindal Saw Ltd. (BSE: 500378) and KRN Heat Exchanger and Refrigeration Ltd. (BSE: 544263) — have submitted clarifications to BSE in response to surveillance queries regarding significant movements in their respective stock price and/or volume. Both companies confirm that the movements are market driven and that no undisclosed price-sensitive information exists.

Key Points

  • Jindal Saw Ltd. responded to BSE letter L/SURV/ONL/PV/SG/2025-2026/940 dated 26 February 2026, addressing a significant increase in trading volume of its equity shares.
  • KRN Heat Exchanger and Refrigeration Ltd. responded to BSE letter L/SURV/ONL/PV/SJ/2025-2026/3399 dated 25 February 2026, addressing a significant movement in its share price.
  • Both companies confirm all material disclosures have been made to stock exchanges in compliance with applicable regulations.
  • Neither company has any pending price-sensitive information or undisclosed material events.
  • Both attribute the movements to market-driven factors.

Regulatory Changes

No regulatory changes introduced. These are responsive disclosures under BSE surveillance monitoring.

Compliance Requirements

  • Both companies have reaffirmed compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of material events.
  • Jindal Saw reiterates its commitment to transparency and prompt disclosure of material information to stock exchanges.

Important Dates

  • 25 February 2026: BSE surveillance query issued to KRN Heat Exchanger and Refrigeration Ltd.
  • 26 February 2026: BSE surveillance query issued to Jindal Saw Ltd.; both clarifications submitted.

Impact Assessment

These are routine surveillance-driven clarification filings with no material market impact. The responses follow standard BSE surveillance protocol requiring listed companies to explain unusual price or volume activity. No adverse findings, regulatory actions, or material undisclosed events are indicated by either company. Investors should note that both companies have confirmed full compliance with disclosure norms.

Impact Justification

Routine surveillance clarifications from two companies confirming no undisclosed price-sensitive information; movements attributed to market forces with no regulatory action or material disclosure.