Description

Svaraj Trading and Agencies Ltd (503624) and Arigato Universe Ltd (530267) respond to BSE queries on significant share price movements, stating no undisclosed material information exists.

Summary

Two BSE-listed companies — Svaraj Trading and Agencies Limited (Scrip Code: 503624) and Arigato Universe Limited (formerly Saboo Brothers Limited, BSE Code: 530267) — have submitted clarifications to BSE in response to queries dated March 11, 2026 regarding significant movement in their respective share prices. Both companies assert compliance with Regulation 30 of SEBI (LODR) Regulations, 2015 and deny awareness of any specific reason for price movement.

Key Points

  • Svaraj Trading and Agencies Ltd (CIN: L51100MH1980PLC022315) responded to BSE surveillance query reference L/SURV/ONL/PV/SJ/2025-2026/3423 dated March 11, 2026
  • Svaraj Trading states the price movement is “purely market driven” and the management is “in no way connected” with it
  • Arigato Universe Limited (formerly Saboo Brothers Limited, CIN: L45100MH1979PLC440026) similarly responded to a BSE query dated March 11, 2026
  • Both companies affirm all material information has been disclosed to the exchange in a timely manner per Regulation 30 of SEBI (LODR) Regulations, 2015
  • Arigato Universe cites compliance with Clause 4 of the Regulations and related SEBI circulars

Regulatory Changes

No regulatory changes. These are standard clarification responses under the existing BSE surveillance framework and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Both companies reaffirm ongoing compliance with Regulation 30 of SEBI (LODR) Regulations, 2015 for timely disclosure of material information
  • Companies are required to respond to BSE surveillance queries when unusual price movements are observed
  • Company Secretary / Compliance Officer is responsible for submitting such clarifications

Important Dates

  • March 11, 2026: BSE issued price movement queries to both companies
  • March 12, 2026: Both companies submitted clarification letters to BSE

Impact Assessment

Minimal market or operational impact. These are routine surveillance-driven clarification disclosures with no new material information disclosed. Both companies deny knowledge of specific triggers for price movement, attributing it to general market conditions. Investors should note that BSE surveillance has flagged unusual price activity in both scrips.

Impact Justification

Routine price movement clarifications from two companies confirming no undisclosed material information; management disavows connection to share price movement.