This is with reference to Exchange Notice No. 20230224-38 dated February 24, 2023, in respect of Surveillance Action w.r.t dealing with unsolicited videos and messages circulated in social media.
Members are hereby requested to note that the securities as per attached Annexure I have been shortlisted based on circulation of videos and unusual price/ volume movement and shall be treated under GSM Stage IV and applicable surveillance actions shall be:
· Trade for Trade with price band of 5% or lower as applicable w.e.f June 01, 2023.
· Trading permitted once a week (Every Monday / 1st trading day of the week) w.e.f June 01, 2023.
· ASD (100% of trade value) to be deposited by the buyers with no upward movement w.e.f June 01, 2023.
· The Securities as given in Annexure II, are eligible to move out from the said framework effective from May 31, 2023.
Market participants may note that Surveillance Action w.r.t dealing with unsolicited videos and messages circulated in social media framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.
Further, it may also be noted that the shortlisting of securities under Surveillance Action w.r.t dealing with unsolicited videos and messages circulated in social media framework is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company / entity.
In case of any clarifications, members may contact on following numbers 022 2272 3030/1717/5158.
Yogendra Daxini Saji Sunilkumar
Deputy General Manager Senior Manager
Surveillance Surveillance
May 30, 2023
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