NSE06 Aug 2026circularPrepared by Complied AI

Securities Moving to Stage II of Graded Surveillance Measure

Official title

List of Securities moving to Stage II of Graded Surveillance Measure (GSM)

Official record

AI-prepared change brief

What changed

The National Stock Exchange of India has announced that Ortel Communications Limited and Impex Ferro Tech Limited will be moved to Stage II of the Graded Surveillance Measure (GSM) framework effective August 10, 2026. Under Stage II, trading for these securities will be restricted to a 'Trade for Trade' basis. Additionally, a price band of 5% or lower will apply, and buyers are required to deposit an Additional Surveillance Deposit (ASD) equivalent to 50% of the trade value. NSE members are advised to exercise caution when trading these securities.

Who is affected: NSE members trading in Ortel Communications Limited and Impex Ferro Tech Limited
Required action: Buyers must deposit an Additional Surveillance Deposit (ASD) of 50% of the trade value.
Members must exercise adequate precaution while trading in the specified securities.
Key dates: Effective date for movement to Stage II of GSM — 09 Aug 2026
Thresholds: Price band of 5% or lower as applicable.
Additional Surveillance Deposit (ASD) of 50% of trade value.
Consequences: Trading in the specified securities shall be available in Trade for Trade.

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Source details

Source: National Stock Exchange of India
Type: circular
Published by source: 06 Aug 2026
Document number: 601/2026
Issuing division: SURVEILLANCE
Effective date: 09 Aug 2026
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

Verify official record

National Stock Exchange of India Limited Circular

Department: SURVEILLANCE
Download Ref No: NSE/SURV/75640	Date: August 7, 2026
Circular Ref. No: 601/2026

To All NSE Members

Sub: List of Securities moving to Stage II 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 II of GSM with effect from August 10, 2026.

Sr. No.	Symbol	Security Name	ISIN
1	ORTEL	Ortel Communications Limited	INE849L01019
2	IMPEXFERRO	Impex Ferro Tech Limited*	INE691G01015

*Adding as per BSE

Trading in the above-mentioned securities shall be available in 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.

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

Sareesh Koroth Associate Vice President 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

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