The Bombay Stock Exchange (BSE) on May 23, 2023, notified regarding the Surveillance Action w.r.t dealing with unsolicited videos and messages circulated on social media platforms with reference to Exchange Notice No. 20230224-38 dated February 24, 2023.
The members are requested to note that the securities as per attached Annexure I have been shortlisted based on the circulation of videos and unusual price/ volume movement and shall be treated under GSM Stage IV and applicable surveillance actions shall be:
• Trade for Trade with a price band of 5% or lower as applicable w.e.f May 25, 2023.
• Trading permitted once a week (Every Monday / 1st trading day of the week) w.e.f May 25, 2023.
• ASD (100% of trade value) to be deposited by the buyers with no upward movement w.e.f May 25, 2023.
• The Securities as given in Annexure II, are eligible to move out from the said framework effective from May 24, 2023.
Further, it may also be noted that the shortlisting of securities under Surveillance Action w.r.t dealing with unsolicited videos and messages circulated in social media framework is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company/entity.
[Notice No. 20230523-46]
