Description

BSE sought clarifications from Lime Chemicals Ltd, Siddha Ventures Ltd, and True Green Bio Energy Ltd regarding unusual price/volume movements in their securities. All three companies confirmed no undisclosed price-sensitive information exists.

Summary

BSE’s surveillance department sought clarifications from three listed companies — Lime Chemicals Limited, Siddha Ventures Limited, and True Green Bio Energy Limited (formerly CIL Nova Petrochemicals Ltd.) — regarding unusual movement in the price and/or volume of their respective securities. All three companies responded on 5th March 2026 confirming that they have no undisclosed price-sensitive material information and are in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points

  • Lime Chemicals Ltd (BSE: 507759): Responded to BSE query ref. L/SURV/ONL/PV/SG/2025-2026/953 dated 05 March 2026. Confirmed no material price-sensitive information is pending disclosure.
  • Siddha Ventures Ltd (BSE: 530439): Responded to BSE query ref. L/SURV/ONL/PV/APJ/2025-2026/3406 dated 04 March 2026. Confirmed diligent compliance with Regulation 30 of SEBI LODR and no undisclosed material information.
  • True Green Bio Energy Ltd (BSE: 533407): Responded to BSE query ref. L/SURV/ONL/PV/SG/2025-2026/950 dated 04 March 2026 regarding a spurt in volume and price. Confirmed no material information has been withheld.
  • All three companies are committed to disclosing any future material information as required under applicable SEBI regulations.

Regulatory Changes

No regulatory changes are introduced by this circular. The responses reference existing obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of material events and information.

Compliance Requirements

  • Listed companies must respond promptly to BSE surveillance queries regarding price/volume movements.
  • Companies must ensure continuous compliance with Regulation 30 of SEBI LODR Regulations, 2015.
  • Any material or price-sensitive information must be disclosed to stock exchanges as and when it arises.

Important Dates

  • 04 March 2026: BSE issued surveillance queries to Siddha Ventures and True Green Bio Energy.
  • 05 March 2026: BSE issued surveillance query to Lime Chemicals; all three companies submitted their clarification responses.

Impact Assessment

The impact of this circular is minimal. All three companies have confirmed no undisclosed material information, meaning the price/volume movements observed by BSE surveillance are not attributable to any pending corporate announcements or events. Investors and market participants should note that the companies are in regulatory compliance. No trading restrictions, penalties, or surveillance measures (such as ASM/GSM) have been imposed as a result of these clarifications.

Impact Justification

Routine surveillance-driven clarifications where all three companies confirmed no undisclosed material information; no regulatory changes, penalties, or market-impacting disclosures involved.