BSE’s Surveillance department (DOSS) issued Notice No. 20260416-29 dated April 16, 2026, regarding significant price and/or volume movement observed in 34 listed companies. The Exchange had written to these companies seeking clarifications to ensure trading members and investors have access to the latest relevant information. This notice discloses which companies have responded and which have not yet replied.

Key Points

• BSE observed significant price/volume movement in 34 companies and sought clarifications from each
• 16 companies have submitted replies (attached as Replies1 and Replies2 to the notice)
• 18 companies have not yet submitted replies as of the notice date
• Action is part of BSE’s routine market surveillance to protect investor interests
• Notice signed by Sanjay Jain (Deputy Vice President, Surveillance) and Shreya Ghose (Manager, Surveillance)

Regulatory Changes

No new regulatory changes introduced. This is a standard surveillance disclosure under BSE’s market monitoring framework requiring listed companies to explain unusual price or volume activity in their scrips.

Compliance Requirements

Companies that have replied (clarifications attached):

1. Afcons Infrastructure Ltd (Security Code: 544280)
2. Awfis Space Solutions Ltd (Security Code: 544181)
3. Citichem India Ltd (Security Code: 544324)
4. Deepak Fertilisers & Petrochemicals Corporation Ltd (Security Code: 500645)
5. Indiabulls Ltd (Security Code: 533520)
6. LKP Securities Ltd (Security Code: 540192)
7. Lotus Chocolate Company Ltd (Security Code: 523475)
8. Mefcom Capital Markets Ltd (Security Code: 531176)
9. Modern Diagnostic & Research Centre Ltd (Security Code: 544673)
10. Ovobel Foods Ltd (Security Code: 530741)
11. Rama Vision Ltd (Security Code: 523289)
12. The New India Assurance Company Ltd (Security Code: 540769)
13. Trident Texofab Ltd (Security Code: 540726)
14. Tusaldah Ltd (Security Code: 531301)
15. Asian Hotels (West) Ltd (Security Code: 533221)
16. Benchmark Computer Solutions Ltd (Security Code: 544052)

Companies with reply awaited (must submit clarifications to BSE):

1. Asia Pack Ltd (Security Code: 530899)
2. Checkpoint Trends Ltd (Security Code: 531099)
3. Gajanan Securities Services Ltd (Security Code: 538609)
4. Goel Food Products Ltd (Security Code: 543538)
5. K&R Rail Engineering Ltd (Security Code: 514360)
6. Kisaan Parivar Industries Ltd (Security Code: 519230)
7. Milgrey Finance & Investments Ltd (Security Code: 511018)
8. Narmada Macplast Drip Irrigation Systems Ltd (Security Code: 517431)
9. Naturite Agro Products Ltd (Security Code: 538926)
10. Nidhi Granites Ltd (Security Code: 512103)
11. Panth Infinity Ltd (Security Code: 539143)
12. Saffron Industries Ltd (Security Code: 531436)
13. Sampat Aluminium Ltd (Security Code: 544520)
14. Supertech Ev Ltd (Security Code: 544428)
15. Tamilnadu Telecommunications Ltd (Security Code: 523419)
16. Vishal Bearings Ltd (Security Code: 539398)
17. Yug Decor Ltd (Security Code: 540550)
18. ZR2 Bioenergy Ltd (Security Code: 506640)

Important Dates

• Notice Date: April 16, 2026
• Notice Number: 20260416-29
• No specific deadline mentioned for pending replies; companies with outstanding responses are expected to submit at the earliest

Impact Assessment

This notice is primarily informational for trading members and investors. The 16 companies that have already replied have fulfilled their disclosure obligation; investors should review the attached clarifications (Replies1 and Replies2) to assess any price-sensitive information. The 18 companies that have not yet replied remain under regulatory scrutiny, and continued non-response may attract further surveillance action from BSE. No trading halts or circuit modifications have been announced in this notice. Investors in scrips of the non-responding companies should exercise caution until clarifications are received.

BSE’s Surveillance department (DOSS) issued Notice No. 20260415-15 dated 15 April 2026, listing companies that experienced significant price/volume movement. The Exchange had written to these companies to ensure trading members and investors have the latest relevant information. Clarifications have been received from 28 companies, while 17 companies have yet to respond.

Key Points

• BSE observed significant price/volume movement in 45 equity scrips and sought clarifications from the respective companies.
• 28 companies have submitted their replies, which are attached to the notice (Replies1 through Replies5).
• 17 companies have not yet responded; the Exchange is awaiting their replies.
• The notice is issued under the Surveillance function to protect investor interests and maintain market integrity.
• Signed by Sanjay Jain (Deputy Vice President, Surveillance) and Shreya Ghose (Manager, Surveillance).

Regulatory Changes

No new regulatory changes are introduced by this notice. It is a routine surveillance action under existing BSE frameworks for monitoring unusual market activity.

Compliance Requirements

• The 17 companies listed as “reply awaited” are expected to submit clarifications to BSE promptly: Benchmark Computer Solutions Ltd (544052), Citichem India Ltd (544324), Goel Food Products Ltd (543538), K&R Rail Engineering Ltd (514360), Lotus Chocolate Company Ltd (523475), Mefcom Capital Markets Ltd (531176), Milgrey Finance & Investments Ltd (511018), Modern Diagnostic & Research Centre Ltd (544673), Narmada Macplast Drip Irrigation Systems Ltd (517431), Naturite Agro Products Ltd (538926), Ovobel Foods Ltd (530741), Saffron Industries Ltd (531436), Sampat Aluminium Ltd (544520), Supertech Ev Ltd (544428), Tamilnadu Telecommunications Ltd (523419), Vishal Bearings Ltd (539398), ZR2 Bioenergy Ltd (506640).
• Trading members and investors are advised to review the attached company replies before making investment decisions in these scrips.

Important Dates

• Notice Date: 15 April 2026
• Replies attached as of 15 April 2026 for the 28 responding companies.
• No specific deadline mentioned for pending replies; companies are expected to respond at the earliest.

Impact Assessment

This notice affects investors and trading members holding positions in 45 listed equity scrips that witnessed unusual price/volume activity. The 28 companies that have responded provide transparency into the reasons behind price movements, enabling informed trading decisions. The 17 non-responding companies remain under surveillance scrutiny, and continued non-compliance may attract further regulatory action. Overall market impact is contained to these specific scrips; there is no systemic or broad market implication.