The Bombay Stock Exchange (BSE) on May 30, 2023, notified regarding the Surveillance Action w.r.t dealing with unsolicited videos and messages circulated on social media platforms.
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 June 01, 2023.
• Trading permitted once a week (Every Monday / 1st trading day of the week) w.e.f June 01, 2023.
• ASD (100% of trade value) to be deposited by the buyers with no upward movement w.e.f June 01, 2023.
• The Securities as given in Annexure II, are eligible to move out from the said framework effective from May 31, 2023.
Further, the unsolicited videos and messages are shortlisted purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company/entity.
The Annexures are attached to the document.
[Notice No. 20230530-34]
