With reference to the Exchange notice no. 20170223-44 dated February 23, 2017 and Exchange notice no. 20170303-29 dated March 03, 2017, trading members are hereby requested to note that the securities as per attached Annexure shall be moved to their respective higher stages of GSM with effect from December 18, 2017 and shall attract following surveillance actions as per the provisions of GSM Framework published on February 23, 2017.
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Stage
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Surveillance Actions
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I
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Transfer to trade for trade with price band of 5% or lower as applicable
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II
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Trade for trade with price band of 5% or lower as applicable and Additional Surveillance Deposit (ASD) of 100% of trade value to be collected from Buyer
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III
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Trading permitted once a week trading and ASD 100% of trade value to be deposited by the buyers (Every Monday /First trading day of the week)
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IV
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Trading permitted once a week trading with ASD 200% of trade value to be deposited by the buyers (Every Monday /First trading day of the week)
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V
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Trading permitted once a month trading with ASD 200% of trade value to be deposited by the buyers (First Monday of the month)
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VI
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Trading permitted once a month with no upward movement in price of the security with ASD 200% of trade value to be deposited by the buyers (First Monday of the month)
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Further, trading members are requested to take adequate precautions while trading in the said securities, as the settlement shall be done on trade-to-trade basis and no netting off shall be allowed.
In case of any clarifications, members are requested to refer the FAQ as per the below link on GSM or contact 2272 8518/ 2272 8497/2272 5091.
http://www.bseindia.com/markets/equity/EQReports/graded_surveil_measure.aspx?expandable=6
For & On behalf of BSE Ltd
Rishikesh Tamaskar Yogendra Daxini
Deputy General Manager Senior Manager
Surveillance Surveillance
December 15, 2017.
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