Securities Moving to Stage I of Graded Surveillance Measure
NSE circular 594/2026 · 06 Aug 2026
Official title
List of Securities moving to Stage I of Graded Surveillance Measure (GSM)
Official record
Open source pageSummary
Check the official recordWhat changed
The National Stock Exchange of India has announced that the security Ortel Communications Limited (Symbol: ORTEL) will be moved to Stage I of the Graded Surveillance Measure (GSM) framework effective August 7, 2026. Under Stage I, trading in this security will be subject to a 100% margin rate and a price band of 5% or lower, as applicable. NSE members are advised to exercise adequate caution when trading in this security. This action is part of the ongoing surveillance measures implemented by the exchange to maintain market integrity.
What you must do
- Apply a 100% margin rate and a price band of 5% or lower for trading in the specified security.
- Exercise adequate precaution while trading in the specified security.
Key dates
- Effective from
Document text
National Stock Exchange of India Limited Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/75607 | Date: August 6, 2026 |
| Circular Ref. No: 594/2026 |
To All NSE Members
Sub: List of Securities moving to Stage I of Graded Surveillance Measure (GSM)
In continuation to Exchange circular(s) NSE/SURV/34262, NSE/SURV/38389, NSE/SURV/42790, NSE/SURV/59425, NSE/SURV/64066, NSE/SURV/74254 and NSE/SURV/ 74795, dated February 23, 2017, July 20, 2018, November 29, 2019, November 17, 2023, September 20, 2024, May 15, 2026 and June 19, 2026, respectively, members are hereby requested to note that the following securities shall be moved to Stage I of GSM with effect from August 07, 2026.
| Sr. No. | Symbol | Security Name | ISIN |
|---|---|---|---|
| 1 | ORTEL | Ortel Communications Limited | INE849L01019 |
Trading in the above-mentioned securities shall be available with applicable margin rate 100% and price band of 5% or lower as applicable.
Members are requested to take adequate precaution while trading in the above securities.
Please refer Annexure for stage wise Surveillance actions as per GSM framework.
In case of any further queries, members might write to us on surveillance@nse.co.in.
For National Stock Exchange of India Limited
Amit Shinde Chief Manager Surveillance
Annexure:
Stage wise Surveillance actions as per GSM framework
| Stage | Surveillance Actions |
|---|---|
| I | Applicable margin rate shall be 100% and price band of 5% or lower as applicable. |
| II | Trade for Trade with price band of 5% or lower as applicable and Additional Surveillance Deposit (ASD) of 50% of trade value to be deposited by buyers. |
| III | Trade for Trade with price band of 5% or lower as applicable and Trading permitted once a week (Every Monday / 1st trading day of the week) and ASD (100% of trade value) to be deposited by the buyers. |
| IV | Trade for Trade with price band of 5% or lower as applicable and Trading permitted once a week (Every Monday / 1st trading day of the week) and ASD (100% of trade value) to be deposited by the buyers with no upward movement. |
For more information on Graded Surveillance Measure please refer to our Frequently Asked Questions (FAQs) - https://www.nseindia.com/regulations/graded-surveillance-measure
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 06 Aug 2026
- Document number
- 594/2026
- Issuing division
- SURVEILLANCE
- Effective date
- 07 Aug 2026
- Coverage area
- securities