Description

BSE Surveillance Department received clarifications from Atul Auto Limited, Jindal Poly Films Limited, and Mankind Pharma Limited regarding significant price/volume movements in their scrips, with all companies stating movements are market-driven and all material disclosures have been made.

Summary

BSE’s Surveillance Department queried three listed companies—Atul Auto Limited (BSE: 531795), Jindal Poly Films Limited (BSE: 500227), and Mankind Pharma Limited (BSE: 543904)—regarding significant price/volume movements in their respective scrips. All three companies responded on February 27, 2026, stating that the movements are purely market-driven and that they have complied with all disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015.

Key Points

  • Atul Auto Limited responded to BSE email Ref. No. L/SURV/ONL/PV/SG/2025-2026/942 dated February 27, 2026, citing increased volume as purely market-driven and confirming no material information has been withheld.
  • Jindal Poly Films Limited responded to BSE email Ref. No. L/SURV/ONL/PV/SJJ/2025-2026/3401 dated February 26, 2026, confirming price/volume movement is market-driven and pledging timely future disclosures.
  • Mankind Pharma Limited responded to BSE email Ref. No. L/SURV/ONL/PV/SG/2025-2026/945 dated February 27, 2026, confirming prompt material disclosures per Schedule III, Part A of Regulation 30.
  • All three companies affirm compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Changes

No regulatory changes introduced. These are standard surveillance clarification responses under the existing framework of Regulation 30 of SEBI (LODR) Regulations, 2015.

Compliance Requirements

  • Companies must continue timely disclosure of all price-sensitive and material information under Regulation 30 of SEBI (LODR) Regulations, 2015.
  • No new compliance obligations have been imposed on these companies as a result of these clarifications.

Important Dates

  • February 26, 2026: BSE Surveillance query to Jindal Poly Films (Ref. No. L/SURV/ONL/PV/SJJ/2025-2026/3401).
  • February 27, 2026: BSE Surveillance queries to Atul Auto (Ref. No. L/SURV/ONL/PV/SG/2025-2026/942) and Mankind Pharma (Ref. No. L/SURV/ONL/PV/SG/2025-2026/945).
  • February 27, 2026: All three companies submitted their clarification letters to BSE.

Impact Assessment

The impact of this circular is minimal. It represents routine surveillance activity by BSE where companies are queried about abnormal price or volume movements and are required to confirm compliance with disclosure norms. No adverse findings, penalties, or new restrictions have been imposed on any of the three companies. Investors should note that all three companies have denied possession of any undisclosed material information, attributing the movements solely to market conditions.

Impact Justification

Routine surveillance clarifications from three companies confirming market-driven price/volume movements and compliance with SEBI disclosure norms; no new regulatory requirements or material events disclosed.