This is in partial modification to Exchange Notice nos. 20181027-1, 20190111-55, 20190719-33, 20190827-32, 20201204-56, 20220428-43dated October 27, 2018, January 11, 2019, July 19, 2019, August 27, 2019, December 04, 2020, and April 28, 2022, respectively regarding Short Term Additional Surveillance Measure (STASM) framework.
Securities and Exchange Board of India (SEBI) and Exchanges in order to enhance market integrity and safeguard interest of investors, have been introducing various enhanced pre-emptive surveillance measures from time to time.
As per Joint Surveillance Meeting of Exchanges and SEBI, the extant Short Term ASM (STASM) Framework shall be extended to Small and Medium Enterprises (SME) stocks subject to certain changes. Accordingly, the STASM framework applicable for SME stocks shall be as per Annexure attached.
Market participants may note that STASM 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 STASM 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 further queries, you may write to us at bse.surv@bseindia.com.
The revised framework would be made available w.e.f. October 03, 2023
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Yogendra Daxini
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Saji Sunilkumar
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Dy. Gen. Manager
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Senior Manager
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Surveillance
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Surveillance
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September 25, 2023 |