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.

BSE’s Surveillance department (DOSS) issued Notice No. 20260511-22 on 11 May 2026 regarding significant price/volume movement observed in 12 listed companies. The Exchange had written to these companies seeking relevant information to keep trading members and investors informed. Eight companies have submitted their replies (attached to the notice), while four companies’ replies are still awaited.

Key Points

• BSE observed significant price/volume movement in 12 scrips and initiated clarification requests under its surveillance mandate
• Eight companies have responded with replies attached to the notice
• Four companies have not yet responded and their replies are still awaited
• The notice was issued by the Surveillance department (DOSS) and signed by Deputy Vice President Sanjay Jain and Manager Shreya Ghosh

Companies That Submitted Replies

• Autoline Industries Ltd (BSE Security Code: 532797)
• DMR Engineering Ltd (BSE Security Code: 543410)
• Gconnect Logitech and Supply Chain Ltd (BSE Security Code: 544156)
• Godrej Industries Ltd (BSE Security Code: 500164)
• Tejas Networks Ltd (BSE Security Code: 540595)
• Titan Intech Ltd (BSE Security Code: 521005)
• Universal Cables Ltd (BSE Security Code: 504212)
• Vindhya Telelinks Ltd (BSE Security Code: 517015)

Companies With Replies Awaited

• Adhata Global Ltd (BSE Security Code: 531286)
• Milgrey Finance & Investments Ltd (BSE Security Code: 511018)
• Takyon Networks Ltd (BSE Security Code: 544471)
• ZR2 Bioenergy Ltd (BSE Security Code: 506640)

Regulatory Changes

No new regulatory changes introduced. This is a standard surveillance-driven disclosure notice under BSE’s existing framework for monitoring unusual price/volume activity in listed securities.

Compliance Requirements

• Companies that have received BSE queries regarding unusual price/volume movement are required to submit timely clarifications to the Exchange
• Adhata Global Ltd, Milgrey Finance & Investments Ltd, Takyon Networks Ltd, and ZR2 Bioenergy Ltd must submit their pending replies to BSE
• Trading members and investors should review the attached company replies before transacting in these scrips

Important Dates

• Notice Date: 11 May 2026
• No specific deadline mentioned for pending replies; companies with awaited replies should respond promptly to avoid further surveillance action

Impact Assessment

This notice has a moderate impact on the 12 named companies and their investors. For the eight companies that have responded, the attached clarifications may help explain recent price/volume movements and could influence investor sentiment positively or negatively depending on the content. For the four companies with replies still awaited, continued non-response may attract additional scrutiny, potential surveillance measures, or trading restrictions. Investors in these scrips should review the company clarifications carefully before making trading decisions.