Description
BSE updates Enhanced Surveillance Measure framework with new securities additions and stage movements effective July 29, 2025.
Summary
BSE has updated its Enhanced Surveillance Measure (ESM) framework effective July 29, 2025. Two new securities have been added to ESM, three existing securities will move to higher ESM stages, and no securities are being removed from the framework.
Key Points
- 2 securities newly added to ESM framework: Covidh Technologies Ltd and Kreon Finnancial Services Ltd
- 3 securities moving to higher ESM stages: Omnitex Industries India Ltd, Softrak Venture Investment Ltd, and Yarn Syndicate Ltd
- No securities moving to lower ESM stages or exiting the framework
- Consolidated list shows 30+ securities currently under ESM with various stage classifications
Regulatory Changes
- Enhanced surveillance measures applied to identify and monitor securities with abnormal price movements
- Securities classified into different ESM stages (I, II) based on surveillance parameters
- Framework includes both regular and SME scrips marked with # symbol
Compliance Requirements
- Trading members must ensure compliance with ESM framework requirements
- Enhanced due diligence required for transactions in ESM securities
- Monitoring of price movements and trading patterns for listed securities
Important Dates
- Effective Date: July 29, 2025 - All ESM changes become effective
Impact Assessment
- Trading restrictions and enhanced monitoring for affected securities
- Potential impact on liquidity and trading volumes for ESM securities
- Increased compliance requirements for brokers and trading members dealing with these securities
- Risk mitigation measure to protect investor interests in volatile securities
Impact Justification
Affects trading of multiple securities with enhanced surveillance requirements