This is further to Exchange notice no. 20191024-30 dated October 24, 2019, pertaining to Surveillance Measure in respect of companies with high promoter pledge.
Members are hereby requested to note that the securities as per attached Annexure have satisfied the criteria for inclusion under the aforesaid Surveillance Measure and the applicable surveillance actions on the shortlisted scrips shall be as under:
Ø The applicable rate of margin in Equity and Equity Derivatives segment shall be 35% or existing margin, whichever is higher w.e.f. November 06, 2019 on all open positions as on November 05, 2019 and new positions created from November 06, 2019.
Market participants may note that this surveillance measure 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 this surveillance measure 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 are requested to refer the below link on Surveillance measure in respect of companies with high promoter pledge or contact 022 2272 5001 / 1717 / 5158.
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191024-30
The aforesaid Surveillance measure shall be implemented w.e.f. November 04, 2019.
For & On behalf of BSE Ltd.
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Yogendra Daxini
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Saji Sunilkumar
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Asst. Gen. Manager
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Manager
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Surveillance
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Surveillance
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November 01, 2019
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