Description

Two securities, P.M.Telelinnks Ltd. and Adhata Global Limited, have been moved to GSM Stage I under the surveillance framework.

Summary

BSE has issued a circular regarding the movement of securities under the Graded Surveillance Measure (GSM) framework. Two securities have been moved to GSM Stage I: P.M.Telelinnks Ltd. (Security Code: 513403, ISIN: INE092C01015) and Adhata Global Limited (Security Code: 531286, ISIN: INE586D01014).

Key Points

  • Two securities moved to GSM Stage I surveillance
  • P.M.Telelinnks Ltd. (Code: 513403) - moved to Stage I
  • Adhata Global Limited (Code: 531286) - moved to Stage I
  • Framework includes provisions for securities moving to lower GSM stages due to ESM or IBC inclusion

Regulatory Changes

Securities have been reclassified under the GSM framework with enhanced surveillance measures applicable to Stage I securities.

Compliance Requirements

  • Enhanced disclosure requirements for listed companies
  • Stricter trading conditions and monitoring
  • Additional compliance obligations under GSM Stage I framework

Important Dates

  • Circular Date: August 4, 2025
  • Effective immediately upon circular issuance

Impact Assessment

The movement to GSM Stage I will result in enhanced surveillance and stricter trading conditions for the affected securities. This may impact liquidity and trading volumes for P.M.Telelinnks Ltd. and Adhata Global Limited shares.

Impact Justification

Movement to GSM Stage I indicates enhanced surveillance for these securities, affecting trading conditions