This is with reference to Exchange Notice No. 20221021-12 dated October 21, 2022, 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. The applicable surveillance actions shall be as under:
· Reduction of Price Band wherever applicable w.e.f March 16, 2023
· Scrip will be shifted to Trade-to-Trade settlement w.e.f March 16, 2023 if applicable
· Applicable rate of margin shall be 100% w.e.f. March 16, 2023 on all open positions as on March 15, 2023 and new positions created from March 16, 2023 onwards.
· The Securities as given in Annexure II, are eligible to move out from the said framework effective from March 14, 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 5001/ 1717/5158.
Yogendra Daxini Saji Sunilkumar
Deputy General Manager Senior Manager
Surveillance Surveillance
March 13, 2023
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