BSE / Q4-FY26 / claim-ledger

Audit the questions that mattered.

BSE · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-??Back to quarter ↗

Questions audited

9

Answered directly

56%

Numeric claims

0

Consistency

Question ledger

What was answered, and how?

Swarnab Mukharji · 361 Capital

partial

Trends in ICCL member additions and impact on core SGF contribution.

ICCL has been adding members both big and small. The addition of members alone does not directly contribute to the growth or requirement of SGF. SGF is a function of a stress test conducted with the largest market participants.

Swarnab Mukharji · 361 Capital

direct

Reason for higher other expenses this quarter and future trend.

There is an outstanding of 80 cr rupees which is an old outstanding from NSC. So we have taken some ECL provision that is in line with our ECL policy and as accounting standard requirement which has led to this increase in part current quarter.

Supratim Datta · Jefferies

evasive

Pricing strategy for options and potential reduction in investor protection fund contribution.

Contributions to ITF and other statutory things are governed by CD rules. So there will be no intention to reduce any of them. As far as the cost is concerned, we always believe in charging appropriate amounts at appropriate points of time.

Amit Chandra · HDSC Securities

partial

Growth in monthly option contracts and quantification of incremental volume sources.

The percentage of monthly contracts for us is going up but that is not the destination. Honestly I do not know how much of volume is coming from new people and how much is coming from existing people because we don't measure it as participant wise.

Amit Chandra · HDSC Securities

evasive

Trend in clearing expenses and potential for further reduction.

The clearing expense is based on the number of contracts and we earn revenue based on premium. In times of volatility when the premium is higher... the clearing expense comes down. Whether we can predict this trend it is of course not predictable.

Deep Vmera · IG India

evasive

Innovative thoughts on commodity derivatives beyond expiry day differentiation.

We will be starting to think on commodity derivatives. We want to create a value proposition for the market by thinking about some unique selling proposition just not the expiry day alone as a differentiator. Do we have anything immediately on our mind? No.

Yash Parik · Individual Investor

direct

Difference between special rate income and normal rate income in transaction charges.

The special one is for exclusive stocks and the first one is the other one is for commonly traded stocks across. When new investors come, they are more migrating towards the commonly traded large cap stocks. Therefore, that income is going compared to the income on the other side.

Satam Chosia · Individual Investor

direct

View on MSEI as competitor and current market share in cash segment.

Market share in equities has been hovering around 7 to 8% compared to 5 to 6% when I joined. This is far away from what we wanted it to be. We wanted it to be at least double digit.

Maduk Lada · JP Morgan

partial

Runway for additional volumes from brokers and HFTs on derivatives platform.

We have around 587 brokers... goal for this year is we should go at least to 700. Our FBI count has grown from 100 to 520 which is commendable but we have put for ourselves a target of around 800 FPIs.

Dishadval · Capital

partial

Convergence of premium-to-notional ratio for Sensex with other indices.

The premium to notional ratio of Sensex is lower mainly because the monthly contracts are yet to develop and grow in a big way. Can it be closed? Yes, that's exactly what we are working in for.

Rashad Doshi · Nirmati Investment Advisors

direct

Reasons for lower dividend payout ratio and holding excess cash.

A 100% dividend payout may indicate a situation where the company is not having any growth idea at all. We are paying a 10 rupees dividend which is around 66% more than last year. The money is being used for capacity increase, technology investment, and potential land acquisition.