Mandatory from December 1, 2024 · SEBI LODR Reg. 30(11)

Respond to Market Rumours
in 24 Hours — avoid
SEBI Penalties

RumourLens24 is India's most advanced AI-powered compliance platform for listed entities. Real-time MPM detection, AI rumour verification, compliant draft responses, and one-click exchange filing — all in one system.

Explore features
250+
Listed entities mandated
24h
Regulatory response window
₹25Cr
Max penalty per violation
3
MPM threshold tiers
Live MPM alert ● Critical
Indravati Coatings Ltd — NSE
-3.02% vs Nifty +1.2% · Net delta +3.6%
⏱ Time remaining 14:32
Draft ready
Deny · M&A
MPM trigger report
8 stories
Designed for India's top 250 listed entities
NSE Listed
BSE Listed
NIFTY 50
Sensex 30
NIFTY Next 50
NIFTY 100
The challenge

Manual tracking
is a compliance
liability

Every hour your team spends manually monitoring price movements and media is an hour the clock is ticking on your 24-hour regulatory window.

24-hour window is unforgiving
SEBI mandates a response within 24 hours of a Material Price Movement. Missing this triggers monetary penalties under Section 23E of SCRA.
Hundreds of news sources to monitor
Mainstream media, ePapers, regional outlets, news channels — manually tracking all sources for company-specific rumours is practically impossible.
Compliance window status
Indravati Coatings · INDCOAT5.5 hrs left
Kalyani AutoTech · KALYAUTO10 hrs left
Narmada Infotech · NARMINF20 hrs left
⚠ Section 23E, SCRA 1956: Non-compliance with Reg. 30(11) attracts a monetary penalty of up to ₹25 crore per violation instance.
MPM threshold (≥₹200 stocks) ±3.00%
MPM threshold (₹100–₹199) ±4.00%
MPM threshold (₹0–₹99) ±5.00%
Platform features

Everything you need to stay compliant

From the moment an MPM is triggered to the moment your response is filed — RumourLens24 handles every step.

Real-Time MPM Detection
Live NSE/BSE price feed integration. Automatically calculates stock vs benchmark delta and fires alerts the moment thresholds are breached — before you even open your inbox.
NSE + BSE Live feed Auto threshold
AI Rumour Verification Engine
Scans 50+ mainstream media sources — digital, print, ePaper, news channels — using company-specific keywords. AI scores each story with a Rumour Score (High / Low / None) and compliance action recommendation.
50+ sources AI scoring Keyword tracking
Compliant Draft Responses
Pre-built templates covering all rumour categories × 3 response types (Deny / Confirm / NCND), generated per Industry Standards Note.
3 response types Auto-fill
Smart Multi-Channel Notifications
Tiered escalation alerts via email, SMS, and WhatsApp. Three urgency tiers — Initial (20hr), Urgent (10hr), Critical (4hr) — with role-based routing to CS, Legal, and KMPs per Reg. 30(11A).
Email SMS WhatsApp
Immutable Audit Trail
Every action — MPM trigger, draft generation, KMP query, CS sign-off, exchange filing — timestamped and locked. Exportable as a PDF MPM Trigger Report for SEBI inspections and 8-year record retention.
SEBI-ready 8-year retention PDF export
How it works

From MPM trigger to filed response in 4 steps

The entire Reg. 30(11) compliance workflow, automated from detection to audit-ready record.

1
MPM Detected
Live NSE/BSE feed crosses the configurable threshold. System calculates net delta vs Nifty 50 / Sensex benchmark and triggers incident.
T + 0 min
2
AI Scans Media
Rumour verification engine searches 50+ mainstream media outlets using your keyword library. Stories scored and ranked by compliance priority.
T + 5 min
3
Draft & Approve
AI generates the compliant Deny / Confirm / NCND draft. CS and Legal review via role-based portal. KMP queries sent per Reg. 30(11A).
T + 2–4 hrs
4
File & Archive
One-click submission to BSE + NSE portals. Audit trail auto-locked, MPM Trigger Report PDF generated and archived for 8-year SEBI retention requirement.
Before 24 hrs
250+
Mandated listed entities
50+
Mainstream media sources tracked
99.9%
Platform uptime SLA
<5min
Time from MPM to MPM Trigger Report
Official SEBI Notification

Regulation 30(11) is now mandatory for
Top 250 listed entities

SEBI amended the LODR Regulations via notification dated May 17, 2024, requiring listed entities to confirm, deny or clarify market rumours upon a Material Price Movement. The trigger point was changed from "material events reported in mainstream media" to the happening of a material price movement.

Read full SEBI circular →
June 1, 2024
Phase 1 Live
Top 100 entities
December 1, 2024
Phase 2 Live ✓
Top 250 entities
Penalty
Up to ₹25 Crore
Per violation · Sec. 23E
FAQ

Frequently asked questions

The top 100 listed entities by market capitalisation from June 1, 2024, and the top 250 listed entities from December 1, 2024. SEBI has indicated further expansion to all listed entities in subsequent phases.
No. Per ISF Note Para 3, social media platforms are explicitly excluded from the definition of "mainstream media." The obligation to verify and respond applies only to rumours published in recognised print, digital, or broadcast media outlets.
NCND ("Neither Confirm Nor Deny") is appropriate when the company genuinely has no knowledge of the reported event — for example, a rumour about a third-party transaction that mentions your company. Deny is used when the company has knowledge and can affirmatively state that no such event exists.
When a company "Confirms" a rumour in categories including M&A, Merger, JV, Buyback, Fundraise, or Delisting, the unaffected price mechanism is triggered. This means the pre-MPM price is used as the reference price for all SEBI-mandated pricing calculations (open offers, buyback pricing, etc.).
RumourLens24 generates the final exchange filing document in the required format. The one-click submit button uses the BSE Listing Centre and NSE NEAPS APIs (where API access is available) or provides the formatted document for manual upload. Your designated Compliance Officer always reviews and approves before submission.
All data is stored on Indian cloud infrastructure (AWS Mumbai region / equivalent). Audit trails are immutable and exportable as PDFs at any time, making them ready for SEBI inspection. Enterprise customers can opt for on-premise deployment for additional data sovereignty.

Don't let the next MPM
catch you unprepared

See RumourLens24 in action with your own company data. Our compliance specialists will walk you through the platform in 30 minutes.

Email us