NSE10 Aug 2026circularPrepared by Complied AI

Securities Moving to Stage III of Graded Surveillance Measure

Official title

List of Securities Moving to Stage III of Graded Surveillance Measure (GSM)

Official record

Summary

What changed

The National Stock Exchange of India moves Ortel Communications Limited to Stage III of the Graded Surveillance Measure. This change takes effect on August 12, 2026. Trading for this security occurs only once a week on the first trading day. The exchange requires a 100 percent Additional Surveillance Deposit from buyers. The security trades on a trade-to-trade basis with a price band of 5 percent or lower. The exchange prohibits netting off for these trades. Members must exercise caution when they trade this security.

Who is affected: All NSE members
Ortel Communications Limited
Required action: Deposit 100 percent of trade value as Additional Surveillance Deposit
Trade only on the first trading day of the week
Key dates: Effective date of movement to Stage III — 11 Aug 2026
Consequences: No netting off allowed for trades

Prepared automatically from the captured official document and checked against source evidence. This is not an independent professional review. See how briefs are prepared. Verify material decisions against the official record.

Source details

Source: National Stock Exchange of India
Type: circular
Published by source: 10 Aug 2026
Document number: 611/2026
Issuing division: SURVEILLANCE
Effective date: 11 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/75685	Date: August 11, 2026
Circular Ref. No: 611/2026

To All NSE Members

Sub: List of Securities Moving to Stage III 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 III of GSM with effect from August 12, 2026.

Sr. No	Symbol	Security Name	ISIN
1	ORTEL	Ortel Communications Limited	INE849L01019

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

Members are requested to take adequate precaution while trading in the above securities, as the settlement shall be done on trade-to-trade basis and no netting off shall be allowed.

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

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

Page 2 of 2

Research the source law

Find the provision behind this update.

No high-confidence provision match was found. Browse the law library, choose the affected provision and ask against the exact statutory text.

Browse source laws