With reference to the Exchange notice no. 20170607 - 24 dated June 07, 2017 trading members are hereby requested to note that the securities as per attached Annexure shall be moved to their respective Stages of S+ Framework with effect from March 21, 2018.
As per the provisions of S+ Framework published on June 07, 2017:
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Stage
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Surveillance Action
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Group
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0
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· Imposition of Weekly and Monthly price bands in addition to existing daily, Quarterly and Yearly price bands.
· Imposition of very high transaction charges i.e. 1% of transaction value shall be applicable to both buyer and seller.
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“SS” or “ST”
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I
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· All existing actions including imposed under Stage 0.
· Shifting to Trade to trade settlement mode.
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“ST”
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II
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· All existing actions including imposed under Stage I.
· Additional Surveillance Deposit of 200 % of Buy value applicable on buyer.
· ASD shall be released in the fourth month from the collection month i.e. minimum retention period of 3 months.
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“ST”
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Trading Members are requested to take adequate precaution while trading in the said securities, as the settlement shall be done on trade-to-trade basis and no netting off shall be allowed.
Trading Members should note that the transfer of scrips for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be reviewed periodically depending on the market conditions.
In case any clarification required, please contact 022 2272 5175 / 5091/ 8497.
For & On behalf of BSE Ltd
Rishikesh Tamaskar Yogendra Daxini
Deputy General Manager Senior Manager
Surveillance Surveillance
March 20, 2018
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