18 Sep 2024, 12:00 AM

Introduction of Surveillance Measures For Scrips – September 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
MT Educare Limited IBC Stage 1 2024-09-02
Rapid Investments Limited GSM Stage 3 2024-09-02
Restile Ceramics Limited GSM Stage 3 2024-09-02
Coral Newsprints Limited GSM Stage 3 2024-09-02
Silver Oak (India) Limited GSM Stage 3 2024-09-02
Gujarat Inject (Kerala) Limited GSM Stage 3 2024-09-03
Welterman International Limited GSM Stage 3 2024-09-04
Soma Papers & Industries Limited GSM Stage 3 2024-09-05
Pioneer Agro Extracts Limited GSM Stage 3 2024-09-05
Madhur Industries Limited GSM Stage 3 2024-09-09
RCI Industries & Technologies Limited GSM Stage 3 2024-09-10
Sical Logistics Limited IBC Stage 1 2024-09-10
Visa Steel Limited IBC Stage 1 2024-09-10
Perfect Infraengineers Limited IBC Stage 1 2024-09-10
Shah Foods Limited GSM Stage 3 2024-09-11
Premier Limited IBC Stage 1 2024-09-11
G.K.Consultants Limited GSM Stage 3 2024-09-12
Mehta Securities Ltd. GSM Stage 3 2024-09-13
Fine-Line Circuits Ltd. GSM Stage 3 2024-09-13
Magnus Retail Limited GSM Stage 3 2024-09-13
Abate As Industries Limited GSM Stage 3 2024-09-13
Raunaq Epc International Limited GSM Stage 3 2024-09-13
Lakshmi Precision Screws Ltd* IBC Stage 1 2024-09-16
Auto Pins (India) Ltd. GSM Stage 3 2024-09-16
Tmt (India) Ltd. GSM Stage 3 2024-09-16
Shantai Industries Limited GSM Stage 3 2024-09-16
Indian Link Chain Manufacturers Ltd GSM Stage 3 2024-09-18
Abhishek Infraventures Ltd GSM Stage 3 2024-09-18
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