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. The circular outlines securities being newly added to ESM, those moving to higher or lower ESM stages, and provides a consolidated list of all securities currently under ESM framework.
Key Points
- 2 new securities added to ESM framework: Covidh Technologies Ltd and Kreon Finnancial Services Ltd
- 3 securities moved to higher ESM stages: Omnitex Industries India Ltd, Softrak Venture Investment Ltd, and Yarn Syndicate Ltd
- No securities moved to lower ESM stages
- No securities removed from ESM framework
- Complete consolidated list provided with current ESM stage classifications
Regulatory Changes
- Enhanced surveillance measures applied to newly identified securities
- Stage progression for existing ESM securities based on continued surveillance criteria
- Framework continues to monitor securities showing abnormal price movements or trading patterns
Compliance Requirements
- Trading members must comply with ESM framework requirements for affected securities
- Enhanced disclosure and monitoring obligations for securities under ESM
- Adherence to specific trading restrictions and surveillance measures
Important Dates
- Effective Date: July 29, 2025 - All ESM framework changes take effect
Impact Assessment
- Limited market impact affecting only specified securities
- Enhanced monitoring may lead to increased trading costs and reduced liquidity for affected stocks
- Investors in ESM securities face additional trading restrictions and compliance requirements
- Framework aims to protect investor interests by identifying potentially risky securities
Impact Justification
Regular ESM framework update affecting specific securities with trading restrictions