Description

BSE circular announcing securities moving into different GSM stages, with Adishakti Loha And Ispat Limited moving to GSM Stage II.

Summary

BSE has announced the movement of securities into different stages of the Graded Surveillance Measure (GSM) framework. One security, Adishakti Loha And Ispat Limited, is moving to GSM Stage II.

Key Points

  • Adishakti Loha And Ispat Limited (Security Code: 543377, ISIN: INE0CWK01019) is moving to GSM Stage II
  • Securities marked with (#) are moving to lower GSM stages due to inclusion in Enhanced Surveillance Measure (ESM) Framework
  • Securities marked with ($) are moving to lower GSM stages due to inclusion in Insolvency and Bankruptcy Code (IBC) Framework
  • Some classifications are as per NSE standards

Regulatory Changes

Movement to GSM Stage II typically involves:

  • Additional disclosure requirements
  • Enhanced surveillance monitoring
  • Potential trading restrictions or special conditions
  • Increased scrutiny of price movements and volumes

Compliance Requirements

  • Listed companies in GSM stages must comply with enhanced disclosure norms
  • Investors should be aware of additional risks associated with GSM securities
  • Brokers must ensure appropriate risk disclosures to clients trading in GSM securities

Important Dates

  • Circular Date: July 31, 2025
  • Implementation: Effective from the date specified in the circular

Impact Assessment

The movement to GSM Stage II indicates increased regulatory scrutiny for Adishakti Loha And Ispat Limited. This may result in reduced liquidity, wider bid-ask spreads, and potential impact on investor sentiment. The GSM framework is designed to protect investor interests while maintaining market integrity.

Impact Justification

GSM stage movements affect trading parameters and investor access to specific securities