Wizikey, an AI‑driven media‑intelligence platform, today rolled out its Material Price Movement (MPM) Alert. This real‑time service helps listed companies meet the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements (LODR) by flagging significant share‑price swings and explaining the pubic information causes for them in seconds.
The compliance rules apply to the top 250 listed companies in India. Wizikey is piloting the tool with manufacturing and EV firms.
Overall, India now counts more than 7,500 listed entities across the NSE and BSE, the deepest pool of public companies in Asia after China. Under Regulation 30(6) of LODR, issuers must disclose any “material event or information”, including unusual price movements, within 24 hours of its occurrence, with tighter 12‑hour limits for many in‑house events.
Wizikey's tool delivers a single alert that pairs the price chart with AI-summarized news and market chatter impacting the shift in prices, based on a sweep of thousands of business wires, exchanges, and financial portals at the point of a pre-set percentage breach.
“We built MPM Alert so that compliance heads never miss a needle‑moving tick again,” said Aakriti Bhargava, Co‑founder, Wizikey. “Instead of trawling dashboards and headlines, company secretaries, CFOs, and investor relations lead get a ready‑to‑file narrative in their inbox the minute regulators expect action.”
As per a company release, during a closed beta, the service was piloted by mid‑cap NBFCs and a listed mining and metals firm, cutting their average LODR filing time from “hours to under fifteen minutes,” according to internal logs shared by Wizikey. (Client names withheld under NDA.)
If you enjoyed this article, you can subscribe for free to our weekly event and subscriber alerts.
We have four email alerts in total - covering ESG, PR news, events and awards. Enter your email address below to find out more: