Description

BSE announces movement of Mena Mani Industries Limited to GSM Stage III under the Graded Surveillance Measure framework.

Summary

BSE has announced the movement of one security under the Graded Surveillance Measure (GSM) framework. Mena Mani Industries Limited (Security Code: 531127, ISIN: INE148B01033) has been moved to GSM Stage III.

Key Points

  • Only one security affected in this circular
  • Mena Mani Industries Limited moved to GSM Stage III
  • Security Code: 531127
  • ISIN: INE148B01033
  • Movement represents escalation in surveillance level

Regulatory Changes

Movement to GSM Stage III typically involves:

  • Enhanced surveillance measures
  • Stricter trading conditions
  • Additional monitoring requirements
  • Potential trading restrictions

Compliance Requirements

  • Trading members must comply with GSM Stage III requirements for the affected security
  • Enhanced due diligence may be required for transactions
  • Adherence to specific position limits and trading conditions

Important Dates

  • Circular Date: July 30, 2025
  • Effective immediately upon notification

Impact Assessment

  • Limited market impact as only one security is affected
  • Traders and investors in Mena Mani Industries Limited will face enhanced surveillance measures
  • May result in reduced liquidity and trading activity for the specific security
  • Demonstrates BSE’s continued vigilance in market surveillance

Impact Justification

Single stock GSM stage movement has targeted impact on specific security trading conditions