09 Oct 2024, 12:00 AM
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 |