Description
BSE circular compiling clarifications from Modern Threads (India) Ltd, Afcons Infrastructure Ltd, and Confidence Petroleum India Ltd in response to BSE surveillance queries on price/volume movements.
Summary
BSE received clarifications from three listed companies — Modern Threads (India) Limited (Scrip Code: 500282), Afcons Infrastructure Limited (Scrip Code: 544280 / NSE: AFCONS), and Confidence Petroleum India Ltd — in response to BSE Surveillance Division queries regarding unusual price or volume movements in their respective scrips. All three companies stated that there is no undisclosed material information and that their share price movements are market-driven.
Key Points
- Modern Threads (India) Ltd responded to BSE email ref. L/SURV/ONL/PV/SJ/2025-2026/3426 dated 11th March 2026, affirming compliance with Regulation 30 of SEBI (LODR) Regulations 2015 and denying any withheld price-sensitive information.
- Afcons Infrastructure Ltd responded to BSE query ref. L/SURV/ONL/PV/SG/2025-2026/974 dated 13th March 2026, confirming no undisclosed information exists and reiterating commitment to timely disclosures per listing regulations.
- Confidence Petroleum India Ltd responded to BSE query ref. L/SURV/ONL/PV/SG/2025-2026/976 dated 13th March 2026 (response content partially available).
- All companies confirmed ongoing compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Changes
No regulatory changes introduced. These are routine surveillance clarification responses under Regulation 30 of SEBI (LODR) Regulations, 2015.
Compliance Requirements
- Companies are required to respond to BSE Surveillance Division queries in a timely manner.
- All disclosures must be made in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015.
- Companies must ensure all price-sensitive information is disclosed promptly to stock exchanges.
Important Dates
- 11th March 2026: BSE surveillance query issued to Modern Threads (India) Ltd.
- 12th March 2026: Modern Threads (India) Ltd submitted its clarification.
- 13th March 2026: BSE surveillance queries issued to Afcons Infrastructure Ltd and Confidence Petroleum India Ltd.
- 13th March 2026: Afcons Infrastructure Ltd and Confidence Petroleum India Ltd submitted clarifications.
Impact Assessment
No material market impact expected. These are standard surveillance-driven clarification disclosures. None of the companies disclosed any new price-sensitive information. The responses indicate the price/volume movements in these scrips were driven by market conditions rather than any undisclosed corporate developments. Investors should note that BSE Surveillance actively monitors unusual trading activity and seeks timely clarifications from listed companies.
Impact Justification
Routine surveillance clarifications from three companies denying any undisclosed price-sensitive information; no regulatory changes or market-wide impact.