Description

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

Summary

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

Key Points

  • Mena Mani Industries Limited moved to GSM Stage III
  • Security Code: 531127
  • ISIN Number: INE148B01033
  • Movement represents escalation in surveillance measures

Regulatory Changes

The stock is now subject to GSM Stage III surveillance measures, which typically include:

  • Enhanced monitoring requirements
  • Stricter trading parameters
  • Additional disclosure obligations

Compliance Requirements

  • Trading members must comply with GSM Stage III requirements for this security
  • Enhanced due diligence may be required for transactions
  • Investors should be aware of increased surveillance status

Important Dates

  • Circular Date: July 30, 2025
  • Effective immediately upon circular issuance

Impact Assessment

The movement to GSM Stage III indicates heightened regulatory scrutiny for Mena Mani Industries Limited. This may result in reduced liquidity and increased compliance costs for market participants dealing in this security. The circular also notes that some securities may move to lower GSM stages due to inclusion in ESM or IBC frameworks.

Impact Justification

Single stock movement to higher GSM stage indicates increased surveillance but limited market-wide impact