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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.
What you must do
Key dates
Who is affected
If you do not comply
Ask about this circular
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
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