Securities Moving to Stage IV of Graded Surveillance Measure
NSE circular NSE/SURV/75193 · 14 Jul 2026
Official title
List of Securities moving to Stage IV of Graded Surveillance Measure (GSM)
Official record
Open source pageSummary
Check the official recordWhat changed
The National Stock Exchange of India moves Grand Foundry Limited and Univa Foods Limited to Stage IV of the Graded Surveillance Measure. This change takes effect on July 15, 2026. Trading for these securities occurs on a trade-to-trade basis. Trading is permitted only once a week on the first trading day. The price band is 5% or lower. Buyers must deposit an Additional Surveillance Deposit of 100% of the trade value. No upward movement of the price band is allowed. No netting off of trades is permitted. Members must exercise caution when trading these securities.
What you must do
- Deposit Additional Surveillance Deposit of 100% of trade value
- Trade only on the first trading day of the week
Key dates
- Effective from
- 15 Jul 2026
Document text
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/75193 | Date: July 14, 2026 |
| Circular Ref. No: 528/2026 |
To All NSE Members
Sub: List of Securities moving to Stage IV 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 IV of GSM with effect from July 15, 2026.
| Sr. No. | Symbol | Security Name | ISIN |
|---|---|---|---|
| 1 | GFSTEELS | Grand Foundry Limited | INE534A01028 |
| 2 | UNIVAFOODS | Univa Foods Limited | INE275F01019 |
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 with no upward movement.
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
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
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Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 14 Jul 2026
- Document number
- NSE/SURV/75193
- Issuing division
- SURVEILLANCE
- Effective date
- 15 Jul 2026
- Coverage area
- securities