Description
BSE announces movement of four securities across different stages of the Graded Surveillance Measure framework for enhanced monitoring.
Summary
BSE has announced the movement of four securities under the Graded Surveillance Measure (GSM) framework. The securities are being moved to different GSM stages for enhanced monitoring based on their trading patterns and compliance status.
Key Points
- Four securities are being moved to different GSM stages
- Adline Chem Lab Ltd moves to GSM Stage I
- Velan Hotels Ltd moves to GSM Stage II
- Both Sinnar Bidi Udyog Ltd and Oscar Global Ltd move to GSM Stage III
- Framework includes provisions for securities moving to lower GSM stages due to ESM or IBC framework inclusion
Regulatory Changes
No new regulatory changes introduced. This is a routine application of existing GSM framework guidelines for securities surveillance.
Compliance Requirements
- Listed companies must comply with enhanced surveillance requirements applicable to their respective GSM stages
- Trading members and investors should be aware of the additional monitoring measures
- Companies may face stricter disclosure and compliance obligations based on their GSM stage
Important Dates
Effective date: July 28, 2025 (as per circular date)
Impact Assessment
Market Impact: Medium - Enhanced surveillance may affect trading volumes and investor sentiment for the affected securities
Operational Impact: Medium - Companies will need to ensure compliance with stage-specific GSM requirements
Securities Affected:
- Adline Chem Lab Ltd (Stage I) - Basic enhanced monitoring
- Velan Hotels Ltd (Stage II) - Moderate surveillance measures
- Sinnar Bidi Udyog Ltd (Stage III) - Stricter monitoring and compliance requirements
- Oscar Global Ltd (Stage III) - Stricter monitoring and compliance requirements
Impact Justification
Routine surveillance measure updates affecting four securities with varying GSM stage movements