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NOTICES
Notice No.   20240702-44   Notice Date   02 Jul 2024
Category   Trading   Segment   Equity
Subject   Applicability of Surveillance Measure in respect of companies with high ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011
Attachments   Annexure.xls ;
Content

 

This is in continuation to Exchange notice no. 20191024-30 dated October 24, 2019 and 20200417-31 dated April 17, 2020, on the captioned subject. 

Trading Members are hereby requested to take note of the following:

1.    The securities as given in Annexure I, have satisfied the criteria for inclusion under the aforesaid Surveillance Measure and shall attract minimum 35 % margin in Equity and Equity Derivatives segment w.e.f. July 05, 2024 on all open positions as on July 04, 2024 and new positions created from July 04, 2024.

2.    The Securities as given in Annexure II, are eligible to move out from the said framework effective from July 03, 2024.

3.    A consolidated list of securities under the framework is given in Annexure III.

 

Market participants may note that this surveillance measure shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time and shall be subjected to a periodic review.

Further, it may also be noted that the shortlisting of securities under this surveillance measure is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company / entity.

Any Company representation w.r.t being placed in the aforementioned framework should be received by Exchange latest by 5.00 PM on July 03, 2024 for its consideration.

In case of any clarifications, members are requested to refer the below links or contact 022 2272 5001 / 1717 / 5158.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191024-30

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200417-31

 

 

For & On behalf of BSE Ltd.

 

 

Saji Sunilkumar

Jeevan Noronha

Assistant General Manage

Assistant General Manager

Surveillance

Surveillance

 

July 2, 2024