Centennial Surgical Suture Ltd. has alerted the BSE Limited about an abnormal fall in its share price, citing manipulative trade and unusual activity. The company noted that only one equity share traded at ₹71.25 on October 21, 2026, a pattern they describe as frequent and potentially fraudulent. They are requesting an urgent investigation into possible misuse, unethical, or unusual trades in their scrip.
Concerns Over Share Price Movement
Centennial Surgical Suture Ltd. has formally communicated its concerns to the BSE Limited regarding significant and unexplained price fluctuations in its equity shares. The company has observed an abnormal price fall that appears unsupported by any corporate announcements or material changes in business activities. This has led to suspicions of manipulative trade and unusual transactions within the company’s scrip.
Unusual Trading Activity Noted
In a communication dated Wednesday, October 21, 2026, Centennial Surgical Suture Ltd. highlighted specific trading anomalies. Notably, on that day, only one equity share was traded at a price of ₹71.25 during the morning session. The company stated that such unusual trading patterns have been occurring frequently, prompting them to request an urgent attention from the BSE for possible misuse, unethical, or unusual trades.
Request for Investigation
The company emphasized that this situation is certainly premeditated and has requested the authorities to identify and apprehend the offenders. Centennial Surgical Suture Ltd. is preparing to submit details of purchase and sale transactions that demonstrate a substantial fall in the price of its equity shares. They believe this documentation will provide sufficient support to conclude that the situation involves possible price manipulation, rather than mere suspicion.
Concerns About External Involvement
Centennial Surgical Suture Ltd. also expressed hope that no fraudulent individuals, potentially from neighboring countries, are employed by the company and involved in such activities within India. They are seeking a thorough investigation to protect the interests of their shareholders and to prevent any adverse effects on the company’s reputation due to potential illegal activities.
Source: BSE
