Chemical manufacturing company, India Glycols, has not received any formal criteria or communication from the exchanges regarding additional surveillance measures (ASM), said Rakesh Bhartia, CEO of the company.

“The response from the exchange was there are some internal criteria and based on that criteria, it is not only India Glycols, but the whole range of stocks have been put on the list” said Bhartia.

On June 5, Securities and Exchange Board of India (Sebi) imposed ASM on 109 stocks.

As far as topline goes, the company expects a growth of 15-20 percent based on the outlook for various businesses, said Bhartia.

“I am definitely looking at margin expansion and it should be in double digits,” he said.

First Published:Jun 12, 2018 12:31 PM IST