520059 - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/520059/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usTue, 12 May 2026 00:00:00 +0000BSE Surveillance: Clarification Received from Companies on Price/Volume Movementhttps://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-12-5c6dc90180a096d2-clarification-received-from-the-companies/Tue, 12 May 2026 12:07:37 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-12-5c6dc90180a096d2-clarification-received-from-the-companies/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.bsecompliancemediummediummedium5c6dc90180a096d2https://www.bseindia.com/downloads/UploadDocs/Notices/20260512-24/20260512-24.pdf523411512600500463540821543713531543500279520059539678531286542865511018539111544471506640surveillanceclarificationprice-movementvolume-movementequitydosscompany-relatedSummary

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.

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