Description

Two securities have been moved to GSM Stage I under the Graded Surveillance Measure framework.

Summary

BSE has moved two securities to GSM Stage I under the Graded Surveillance Measure framework. P.M.Telelinnks Ltd. (Security Code: 513403, ISIN: INE092C01015) and Adhata Global Limited (Security Code: 531286, ISIN: INE586D01014) have been placed under enhanced surveillance measures.

Key Points

  • Two securities moved to GSM Stage I surveillance
  • P.M.Telelinnks Ltd. (Code: 513403) placed under GSM Stage I
  • Adhata Global Limited (Code: 531286) placed under GSM Stage I
  • Securities marked with special symbols may move to lower GSM stages due to ESM or IBC framework inclusion

Regulatory Changes

Implementation of GSM Stage I surveillance measures for the specified securities, which typically includes enhanced monitoring and potential trading restrictions.

Compliance Requirements

  • Market participants should note the GSM status when trading these securities
  • Enhanced due diligence may be required for transactions in these stocks
  • Compliance with GSM framework guidelines mandatory

Important Dates

  • Effective Date: August 4, 2025

Impact Assessment

Limited market impact as only two securities are affected. GSM Stage I placement indicates regulatory concerns but allows continued trading with enhanced surveillance. Investors should exercise additional caution when dealing with these securities.

Impact Justification

GSM stage movements indicate increased surveillance but affect only two securities with limited market impact