Description

Updates to Enhanced Surveillance Measure framework with securities being added, moved between stages, and consolidated list effective August 1, 2025.

Summary

BSE has updated the Enhanced Surveillance Measure (ESM) framework effective August 1, 2025, with 6 securities being newly added to ESM, 1 security moving to higher stage ESM, and a comprehensive consolidated list of all securities under various ESM stages.

Key Points

  • 6 securities newly shortlisted for Enhanced Surveillance Measure framework
  • 1 security (RSC International Ltd) moving to higher ESM stage
  • No securities moving out of ESM framework
  • No securities moving to lower ESM stages
  • Comprehensive consolidated list includes securities across ESM Stage I and II

Securities Added to ESM Framework

New ESM Securities (Effective Aug 1, 2025):

  • Aryavan Enterprise Ltd (539455)
  • Bhakti Gems and Jewellery Ltd (540545)
  • Deepak Chemtex Ltd# (544036) - SME Scrip
  • Omax Autos Ltd (520021)
  • Remi Edelstahl Tubulars Ltd (513043)
  • Vashu Bhagnani Industries Ltd (532011)

ESM Stage Changes

Moving to Higher ESM Stage:

  • RSC International Ltd (530179) - continuing in ESM but moving to higher stage

Moving to Lower ESM Stage:

  • NIL

Moving Out of ESM:

  • NIL

Important Dates

  • Effective Date: August 1, 2025
  • All changes to ESM framework become applicable from this date

Impact Assessment

Securities under ESM framework face enhanced monitoring and may have trading restrictions including price bands, margin requirements, and other surveillance measures. The addition of 6 new securities and upgrading of 1 security to higher ESM stage indicates increased regulatory scrutiny for these stocks.

Impact Justification

Affects trading conditions for multiple securities under enhanced surveillance framework