BSE’s Department of Surveillance (DOSS) issued Notice No. 20260410-41 on April 10, 2026, informing trading members and investors that clarifications have been received from 48 listed companies. These companies were contacted by BSE after significant price and/or volume movements were observed in their respective scrips. The replies (Replies11 through Replies20) are attached to the notice.

Key Points

• BSE observed significant price/volume movements in 48 scrips and sought clarifications from the respective companies.
• All 48 companies have responded; their replies (Replies11–Replies20) are attached to the original notice.
• The notice covers companies across diverse sectors including cement, agro, logistics, healthcare, fintech, aerospace, energy, and more.
• This is the second batch of clarifications (Batch 2) issued on April 10, 2026, as part of ongoing surveillance activity.
• Notice issued jointly by Sanjay Jain (Deputy Vice President, Surveillance) and Shreya Ghose (Manager, Surveillance).

Companies Covered

1. KJMC Corporate Advisors (India) Ltd — 532304
2. Kopran Ltd — 524280
3. Krebs Biochemicals and Industries Limited — 524518
4. Lancer Container Lines Ltd — 539841
5. Lloyds Enterprises Ltd — 512463
6. M & B Engineering Ltd — 544470
7. Manoj Ceramic Ltd — 544073
8. Megri Soft Ltd — 539012
9. Monarch Surveyors and Engineering Consultants Ltd — 544453
10. NACL Industries Ltd — 524709
11. Niraj Cement Structurals Ltd — 532986
12. Northern Spirits Ltd — 542628
13. Nova Agritech Ltd — 544100
14. Olatech Solutions Ltd — 543578
15. Om Freight Forwarders Ltd — 544564
16. Om Metallogic Ltd — 544559
17. Oswal Agro Mills Ltd — 500317
18. Oswal Greentech Ltd — 539290
19. Patels Airtemp India Ltd — 517417
20. Paushak Ltd — 532742
21. Polo Queen Industrial and Fintech Ltd — 540717
22. Precision Camshafts Ltd — 539636
23. Pritish Nandy Communications Ltd — 532387
24. R P P Infra Projects Ltd — 533284
25. Raconteur Global Resources Ltd — 541703
26. Rajoo Engineers Ltd — 522257
27. Ravinder Heights Ltd — 543251
28. Repono Ltd — 544463
29. Shilp Gravures Ltd — 513709
30. Shining Tools Ltd — 544607
31. Shiva Cement Ltd — 532323
32. Shivam Autotech Ltd — 532776
33. Shree Pacetronix Ltd — 527005
34. Shri Keshav Cements And Infra Ltd — 530977
35. Sodhani Academy of Fintech Enablers Ltd — 544257
36. Star Imaging And Path Lab Ltd — 544482
37. Taneja Aerospace & Aviation Ltd — 522229
38. Tejnaksh Healthcare Ltd — 539428
39. Transvoy Logistics India Ltd — 543754
40. United Credit Ltd — 531091
41. United Foodbrands Ltd — 543283
42. Valencia India Ltd — 544433
43. Vinyl Chemicals (India) Ltd — 524129
44. Virat Industries Ltd — 530521
45. We Win Ltd — 543535
46. Websol Energy System Ltd — 517498
47. Zenotech Laboratories Ltd — 532039
48. Veejay Lakshmi Engineering Works Ltd — 522267

Regulatory Changes

No new regulatory changes are introduced by this notice. It is a disclosure/surveillance communication under BSE’s existing framework for monitoring unusual price and volume movements in listed securities.

Compliance Requirements

• No new compliance obligations are imposed on companies or investors by this notice.
• The listed companies have already fulfilled their immediate obligation by submitting clarifications to BSE.
• Trading members and investors are advised to review the attached company replies before making investment decisions in the affected scrips.

Important Dates

• Notice Date: April 10, 2026
• Notice Number: 20260410-41

Impact Assessment

This notice is informational and reflects BSE’s active surveillance of unusual market activity. The impact is moderate — investors and trading members in any of the 48 listed scrips should review the attached company clarifications to understand the reasons behind the observed price/volume movements. No trading restrictions or penalties are announced. The breadth of 48 companies signals heightened surveillance activity across the equity segment on this date.

BSE has issued Notice No. 20260410-48 revising the price bands for more than 30 equity scrips effective April 13, 2026. The revisions cover a range of price band percentages — from a restrictive 2% to a broader 20% — reflecting the exchange’s ongoing surveillance and risk management measures under the DOSS (Department of Surveillance and Supervision) framework.

Key Points

• Price band revisions are effective from April 13, 2026
• At least 30 scrips are affected across various sectors
• Most scrips are being set to a 5% price band, indicating tightened trading limits
• Two scrips — Indo Credit Capital Ltd (526887) and Krishna Ventures Ltd (504392) — are assigned a 2% price band, the most restrictive level
• Hardwyn India Ltd (541276) receives the widest band at 20%
• Scrips with 10% bands include Ahmedabad Steelcraft, Alphalogic Techsys, Goyal Aluminiums, Gujarat Cotex, India Tourism Development Corporation, Indrayani Biotech, and Kalpa Commercial
• The circular was issued by the DOSS department under the Trading/Equity segment

Regulatory Changes

The Exchange has administratively revised price bands under its existing surveillance framework. Price bands are circuit limits that cap the maximum intraday price movement (up or down) for a scrip. Revisions to tighter bands (2%, 5%) are typically applied to scrips under enhanced scrutiny for volatility, low liquidity, or regulatory concerns.

Compliance Requirements

• Trading Members must note the revised price band limits for affected scrips effective April 13, 2026
• Orders placed outside the revised price band limits will be rejected by the exchange trading system
• No action is required from listed companies; this is an exchange-level trading control measure

Important Dates

Impact Assessment

Affected Scrips (Partial List):

Tightened price bands (2%–5%) will significantly limit intraday trading range for the affected scrips, reducing speculative activity and potentially impacting liquidity. Traders and investors holding positions in these scrips should be aware of the restricted price movement from April 13, 2026 onwards. The 2% band on Indo Credit Capital and Krishna Ventures suggests elevated surveillance concern for these two companies.