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<h1>Periodic call auction mandated for illiquid securities, with defined session mechanics and penalties to protect market integrity.</h1> Trading in identified illiquid scrips must occur only through periodic call auction sessions with quarterly identification, two trading days' notice for entry or exit, a minimum period before exit, hourly sessions with specified windows for order entry and matching, purging of unmatched orders, intraday price bands subject to tightening for surveillance, circuit-breaker cancellation and resumption rules, and a penalty regime for self-matching collected into an investor protection fund.