Description

BSE moves four securities to different GSM stages including GSL Securities, Ashutosh Paper Mills, Jain Marmo Industries, and Sungold Capital.

Summary

BSE has announced the movement of four securities to different stages under the Graded Surveillance Measure (GSM) framework. The changes affect trading conditions and surveillance levels for these securities.

Key Points

  • GSL Securities Ltd. (530469) moves to GSM Stage I
  • Ashutosh Paper Mills Ltd. (531568) moves to GSM Stage I
  • Jain Marmo Industries Ltd. (539119) moves to GSM Stage II
  • Sungold Capital Ltd. (531433) moves to GSM Stage III

Regulatory Changes

Securities are subject to enhanced surveillance measures based on their GSM stage:

  • Stage I: Initial surveillance with specific trading restrictions
  • Stage II: Increased surveillance measures
  • Stage III: Highest level of surveillance with stringent trading conditions

Compliance Requirements

  • Trading members must comply with GSM framework requirements for affected securities
  • Enhanced due diligence and risk management measures apply
  • Specific position limits and margin requirements may be applicable

Important Dates

  • Effective Date: August 1, 2025
  • Implementation: Immediate for all affected securities

Impact Assessment

The GSM stage movements will result in:

  • Increased trading restrictions for affected securities
  • Higher margin requirements and position limits
  • Enhanced monitoring and surveillance by the exchange
  • Potential impact on liquidity and trading volumes

Impact Justification

Routine GSM stage movements affecting trading conditions for four securities