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 Department of Surveillance (DOSS) has revised the price bands for 16 equity scrips effective May 12, 2026. The revised bands range from 2% to 20%, reflecting updated surveillance assessments for each scrip.

Key Points

• Price bands revised for 16 scrips effective May 12, 2026
• Revised bands range from 2% (most restrictive) to 20% (least restrictive)
• Action taken by BSE Surveillance department under Notice No. 20260511-42
• Members may contact bse.surv@bseindia.com for clarifications

Regulatory Changes

Price band limits have been changed from existing levels to the following revised levels:

Compliance Requirements

Trading members must note the revised price bands for the above scrips and ensure all orders placed from May 12, 2026 onwards comply with the new limits. No action is required beyond awareness and system adjustments for order placement.

Important Dates

• Notice Date: May 11, 2026
• Effective Date: May 12, 2026

Impact Assessment

Four scrips (Advance Petrochemicals, Hipolin, HOMRE, Loyal Textile Mills, Yash Trading & Finance) have been placed under tighter 2% bands, significantly restricting daily price movement and liquidity. Seven scrips are set to a 5% band, three to 10%, and Shakti Press Ltd to a wider 20% band. Traders and investors holding positions in these scrips should be aware of the revised limits as orders outside the new bands will be rejected by the exchange system.