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| NOTICES |
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| Notice No. |
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20230210-54 |
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Notice Date |
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10 Feb 2023 |
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| Category |
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Trading |
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Segment |
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Equity |
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| Subject |
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Surveillance measure for securities with low non-Promoter holding |
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| Content |
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In furtherance to Exchange Notice number 20220422-46 dated April 22, 2022 and as per the joint Surveillance meeting of the Exchanges and SEBI the criteria for low non-Promoter holding framework is mentioned as under.
Members are hereby requested to note that the securities shortlisted based on the below criteria of non-promoter holding < 25% will be subjected to surveillance action. The applicable surveillance actions shall be as under:
Ø Maximum/highest price band applicable to be +10%
Market participants may note that the above framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchange from time to time.
Further, it may also be noted that the shortlisting of securities under aforesaid framework 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 5001/ 1717/5158.
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Yogendra Daxini
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Saji Sunilkumar
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Deputy General Manager
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Senior Manager
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Surveillance
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Surveillance
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February 10, 2023
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