09 Oct 2024, 12:00 AM

Introduction of Surveillance Measures For Scrips – October 2024

Take a look at the surveillance measures for Scrips by SEBI and the concerned exchanges for October 2024.

As a part of an ongoing effort to improve overall market reliability and secure the holdings of investors, SEBI and the concerned exchanges have launched a new spree of surveillance measures. This has come in the wake of a joint discussion between SEBI and the exchanges undertaken to review the existing framework of measures.

Some of the general measures include the following:

- Enhanced Surveillance Measure (ESM) Stage II: Scrips will be moved to the Trade to Trade segment with a price band of 2%. Trading will be allowed on all trading days under Periodic Call Auction.

- Graded Surveillance Measure (GSM) Stage III: Scrips will also be allowed for trading only once a week (either a Monday or the first trading day of the week) and the buyer needs to deposit an Additional Service Deposit of 100% of the trade value.

- Additional Surveillance Measure (ASM): Scrips will also go through an Insolvency Resolution Process as per the Insolvency and Bankruptcy Code. These scrips too will be allowed for trading only once a week (either a Monday or the first trading day of the week)

Check out the list of scrips that fall under the above categories: 

Scrip Surveillance stage Effective date
Reliance Home Finance Limited  GSM Stage 3 2024-10-01
Ace Edutrend Ltd. GSM Stage 3 2024-10-03
Kotia Enterprises Limited GSM Stage 3 2024-10-03
Mathew Easow Research Securiti GSM Stage 3 2024-10-04
Infomedia Press Ltd* GSM Stage 3 2024-10-04
Galaxy Agrico Exports Ltd. GSM Stage 3 2024-10-07
Gayatri Projects Ltd. GSM Stage 3 2024-10-07
Bloom Dekor Ltd IBC Stage 1 2024-10-07
Kanel Industries Ltd IBC Stage 1 2024-10-07
SI Capital & Financial Services Ltd GSM Stage 3 2024-10-09
Innocorp Ltd GSM Stage 3 2024-10-09
Neueon Towers Ltd IBC Stage 1 2024-10-09
Ujaas Energy Ltd IBC Stage 1 2024-10-09
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