Description

BSE's Surveillance department sought clarifications from 15 companies regarding significant price/volume movements. Replies received from 9 companies; 6 companies' responses are still awaited.

Summary

BSE’s Surveillance department (DOSS) issued Notice No. 20260512-24 on 12 May 2026 regarding significant price/volume movements observed in 15 scrips. The Exchange wrote to these companies to ensure trading members and investors have the latest relevant information. Replies have been received from 9 companies, while 6 others are yet to respond.

Key Points

  • BSE observed significant price/volume movement in 15 listed scrips in the recent past
  • The Exchange reached out to all 15 companies for clarification under its surveillance mandate
  • 9 companies have submitted replies (attached as Replies1 and Replies2 to the notice)
  • 6 companies’ replies are still awaited
  • Notice issued by Deputy Vice President Sanjay Jain and Manager Shreya Ghose, Surveillance division

Companies That Replied

  1. ADC India Communications Ltd (Security Code: 523411)
  2. Astal Laboratories Ltd (Security Code: 512600)
  3. Black Box Ltd (Security Code: 500463)
  4. Crystal Business System Ltd (Security Code: 540821)
  5. Droneacharya Aerial Innovations Ltd (Security Code: 543713)
  6. Jindal Worldwide Ltd (Security Code: 531543)
  7. Mirc Electronics Ltd (Security Code: 500279)
  8. Munjal Auto Industries Ltd (Security Code: 520059)
  9. Quick Heal Technologies Ltd (Security Code: 539678)

Companies Awaiting Reply

  1. Adhata Global Ltd (Security Code: 531286)
  2. Anuroop Packaging Ltd (Security Code: 542865)
  3. Milgrey Finance & Investments Ltd (Security Code: 511018)
  4. Sheshadri Industries Ltd (Security Code: 539111)
  5. Takyon Networks Ltd (Security Code: 544471)
  6. ZR2 Bioenergy Ltd (Security Code: 506640)

Regulatory Changes

No regulatory changes introduced. This is an informational notice disclosing the status of company clarifications sought by BSE under its standard surveillance framework.

Compliance Requirements

  • The 6 companies yet to respond (Adhata Global, Anuroop Packaging, Milgrey Finance, Sheshadri Industries, Takyon Networks, ZR2 Bioenergy) are expected to submit their clarifications to BSE promptly
  • Trading members and investors are advised to review the attached company replies before taking trading decisions in these scrips

Important Dates

  • Notice Date: 12 May 2026
  • No specific deadlines mentioned for pending replies

Impact Assessment

This notice serves as an investor protection measure by BSE’s Surveillance team. The flagging of 15 scrips for unusual price/volume activity signals heightened regulatory scrutiny. Investors and traders in these securities should exercise caution and review the company-submitted clarifications (attached to the notice) before taking positions. Companies still awaiting submission of replies may face further surveillance action. No immediate trading restrictions are announced.

Impact Justification

Routine surveillance circular notifying investors of clarifications sought and received from companies with unusual price/volume activity. No regulatory changes; informational for trading members and investors.