Securities Moving to Stage II of Graded Surveillance Measure
NSE circular 546/2026 · 21 Jul 2026
Official title
List of Securities moving to Stage II 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 Net Avenue Technologies Limited (Symbol: CBAZAAR) will transition to Stage II of the Graded Surveillance Measure (GSM) framework effective July 22, 2026. Under this stage, trading for the specified security will be conducted on a 'Trade for Trade' basis. Additionally, the security will be subject to a price band of 5% or lower, 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 in this security.
What you must do
- Buyers must deposit an Additional Surveillance Deposit (ASD) of 50% of the trade value.
Key dates
- Effective from
- 22 Jul 2026
- Effective date for movement to Stage II of GSM
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/75308 | Date: July 21, 2026 |
| Circular Ref. No: 546/2026 |
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 July 22, 2026.
| Sr. No. | Symbol | Security Name | ISIN |
|---|---|---|---|
| 1 | CBAZAAR | Net Avenue Technologies Limited | INE518X01015 |
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
Amit Shinde Chief Manager Surveillance
National Stock Exchange of India Limited 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
- 21 Jul 2026
- Document number
- 546/2026
- Issuing division
- SURVEILLANCE
- Effective date
- 22 Jul 2026
- Coverage area
- securities