Description

BSE circular containing clarifications from Svaraj Trading & Agencies Ltd (503624) and Arigato Universe Ltd (530267) regarding significant movement in their share prices, both citing market-driven factors.

Summary

BSE issued a circular compiling clarifications received from two listed companies — Svaraj Trading & Agencies Limited (Scrip Code: 503624) and Arigato Universe Limited (formerly Saboo Brothers Limited, Scrip Code: 530267) — in response to BSE surveillance queries dated March 11, 2026, seeking explanations for significant movements in their respective share prices.

Key Points

  • Svaraj Trading & Agencies Ltd (CIN: L51100MH1980PLC022315) responded to BSE surveillance letter L/SURV/ONL/PV/SJ/2025-2026/3423 dated March 11, 2026.
  • Svaraj Trading stated it is unaware of any specific reason for the price movement and attributed it to market-driven factors.
  • Arigato Universe Limited (formerly Saboo Brothers Limited, CIN: L45100MH1979PLC440026) similarly responded to BSE’s query dated March 11, 2026.
  • Arigato Universe confirmed all material disclosures have been made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
  • Both companies affirmed that management is not connected to the share price movement.
  • Both companies reaffirmed their commitment to ongoing regulatory compliance under SEBI Listing Regulations.

Regulatory Changes

No regulatory changes introduced. This circular is a compilation of company responses to BSE surveillance queries under existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Both companies have complied with their obligation to respond to BSE surveillance queries.
  • Disclosures are governed by Regulation 30 of SEBI (LODR) Regulations, 2015, and Clause 4 of the Regulations.
  • No further compliance action is required from investors or other market participants based on this circular.

Important Dates

  • March 11, 2026: BSE surveillance query issued to both companies.
  • March 12, 2026: Clarifications submitted by both companies and published by BSE.

Impact Assessment

The circular has minimal market impact. Both companies have denied any undisclosed material information driving their share price movements, attributing volatility to general market conditions. The responses are standard surveillance replies and do not indicate any forthcoming corporate announcements, regulatory action, or material events. Investors should note that both stocks were under BSE surveillance monitoring as of March 11, 2026.

Impact Justification

Routine regulatory clarifications from two companies denying knowledge of reasons for share price movements; no material new information disclosed, no regulatory changes or compliance action required.