Document Context
Accedere Limited responds to BSE's communication dated 15th September 2026 regarding recent movement in the price of the company's securities. The clarification letter is dated 16th September 2026 and signed by Managing Director Ashwin Chaudhary.
Surveillance Status Changes
The company details multiple changes in Graded Surveillance Measure (GSM) and Additional Surveillance Measure (ASM) status during the period 1st August 2026 to 15th September 2026:
- GSM Stage II - 1st August 2026
- GSM Stage I - 7th August 2026
- GSM Stage II - 20th August 2026
- Removed from GSM - 7th September 2026
- Not under GSM - 8th September 2026 to 14th September 2026
- Short Term ASM Stage I - 15th September 2026
The company states that these surveillance status changes can affect trading conditions, market participation, and investor behavior, potentially contributing to price and volume fluctuations.
Dividend Declaration
At its meeting held on 13th August 2026, the Board of Directors recommended a dividend for the first time on the equity shares of the Company. This constitutes a significant corporate development that may have resulted in increased investor interest and trading activity.
The dividend is subject to approval by members at the 43rd Annual General Meeting scheduled for 23rd September 2026.
Company Position on Price Movement
Accedere Limited confirms compliance with all applicable provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable laws. The company states it is not aware of any material information, event, or development that has not been disclosed to the Stock Exchange and which may have a bearing on the price or volume movement of its securities.
The company attributes the observed price movements to the frequent GSM status changes during the relevant period, the removal from GSM on 7th September 2026, and the dividend announcement on 13th August 2026.