514418 - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/514418/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usThu, 07 May 2026 00:00:00 +0000BSE Surveillance: Clarification Received from Companies on Significant Price/Volume Movementhttps://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-07-ab728b2b94329689-clarification-received-from-the-companies/Thu, 07 May 2026 12:24:27 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-07-ab728b2b94329689-clarification-received-from-the-companies/BSE received clarifications from 7 companies regarding significant price/volume movement in their scrips. Replies are still awaited from 4 companies under surveillance.bsecompliancemediummediummediumab728b2b94329689https://www.bseindia.com/downloads/UploadDocs/Notices/20260507-20/20260507-20.pdf521220507438514418540396517397544539544202544156511018519014506640surveillanceclarificationprice-movementvolume-movementequitydosscompany-relatedSummary

BSE’s Surveillance department (DOSS) observed significant price and/or volume movement in 11 listed scrips and reached out to the respective companies seeking clarification. As of May 7, 2026, seven companies have submitted their replies, which are attached to this notice. Four companies have yet to respond.

Key Points

  • BSE initiated surveillance inquiries due to unusual price/volume activity in 11 equity scrips
  • Replies received from 7 companies and attached to Notice No. 20260507-20
  • Replies still awaited from 4 companies
  • Notice issued by BSE Surveillance department (Deputy Vice President: Sanjay Jain; Manager: Shreya Ghose)

Companies That Have Replied

  • Damodar Industries Ltd (Security Code: 521220)
  • IFB Agro Industries Ltd (Security Code: 507438)
  • Mangalam Organics Ltd (Security Code: 514418)
  • Manomay Tex India Ltd (Security Code: 540396)
  • Pan Electronics India Ltd (Security Code: 517397)
  • Solvex Edibles Ltd (Security Code: 544539)
  • Stanley Lifestyles Ltd (Security Code: 544202)

Companies Awaiting Reply

  • Gconnect Logitech and Supply Chain Ltd (Security Code: 544156)
  • Milgrey Finance & Investments Ltd (Security Code: 511018)
  • Prashant India Ltd (Security Code: 519014)
  • ZR2 Bioenergy Ltd (Security Code: 506640)

Regulatory Changes

No new regulatory changes introduced. This is a routine surveillance disclosure under BSE’s ongoing market integrity monitoring framework.

Compliance Requirements

  • The four companies that have not yet responded (Gconnect Logitech, Milgrey Finance, Prashant India, ZR2 Bioenergy) are expected to provide clarifications to BSE promptly.
  • Trading members and investors are advised to review the attached company replies before making trading decisions in these scrips.

Important Dates

  • Notice Date: 07 May 2026
  • Reply deadline for pending companies: Not specified; expected as soon as possible per BSE surveillance norms

Impact Assessment

Investors and trading members in the 11 affected scrips should exercise caution given BSE’s surveillance interest. The seven companies that have replied provide disclosures attached to this notice, which may contain material information explaining the unusual price/volume activity. The four non-responding companies (Gconnect Logitech, Milgrey Finance, Prashant India, ZR2 Bioenergy) carry higher uncertainty until their clarifications are received. This notice does not impose trading restrictions but signals heightened regulatory attention.

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