BSE’s Surveillance Department (DOSS) issued Notice No. 20260423-23 on 23 April 2026 noting significant price and/or volume movement in 24 listed scrips. The exchange had written to these companies requesting relevant disclosures to keep trading members and investors informed. Clarifications have been received from 10 companies; 14 companies are still awaited.

Key Points

• BSE Surveillance observed unusual price/volume activity in 24 equity scrips and sought clarifications from the respective companies.
• 10 companies have responded; their replies are attached to the notice as Replies1, Replies2, and Replies3.
• 14 companies have not yet responded and are under continued surveillance watch.
• The notice is issued under the equity segment and managed by the DOSS (Department of Surveillance & Supervision) department.

Companies That Have Responded

Companies Awaiting Reply

Regulatory Changes

No new regulatory changes are introduced by this notice. It is an enforcement action under existing BSE surveillance framework requiring companies to explain abnormal price or volume movements in their listed securities.

Compliance Requirements

• The 14 companies that have not yet responded must submit clarifications to BSE Surveillance at the earliest to avoid further regulatory action.
• Investors and trading members are advised to review the attached replies from the 10 responding companies before making trading decisions in these scrips.
• Companies are required to proactively disclose any material information that may have contributed to the observed price/volume movement.

Important Dates

• Notice Date: 23 April 2026
• Response Deadline: Not explicitly stated; replies from non-responding companies are awaited on an urgent basis given ongoing surveillance.

Impact Assessment

This notice spans 24 scrips, most of which are small- to mid-cap companies. The 14 companies yet to respond may face heightened surveillance measures, potential stage-based restrictions, or shifting to a Trade-for-Trade (TFT) settlement mechanism if non-compliance continues. Investors holding positions in the non-responding companies should exercise caution given the unresolved queries. The clarifications from the 10 responding companies are available in the attached PDF and may contain material disclosures relevant to price movement explanations.