Description
BSE updates Enhanced Surveillance Measure framework with new securities additions and stage movements effective August 5, 2025.
Summary
BSE has updated the Enhanced Surveillance Measure (ESM) Framework effective August 5, 2025. The circular includes one new security addition to ESM, four securities moving to higher ESM stages, and provides a consolidated list of all securities currently under ESM with their respective stages.
Key Points
- Elegant Floriculture & Agrotech India Ltd (526473) newly added to ESM Stage I
- Four securities moving to higher ESM stages: Fine Line Circuits Ltd, Mayur Floorings Ltd, Precision Electronics Ltd, and Trustedge Capital Ltd
- No securities moving to lower ESM stages or exiting the framework
- Consolidated list includes 30+ securities across ESM Stages I and II
- Changes effective from August 5, 2025
Regulatory Changes
Enhanced Surveillance Measure framework updates include stricter monitoring and trading restrictions for securities showing abnormal price movements or trading patterns. Securities are classified into different ESM stages based on risk assessment.
Compliance Requirements
- Trading members must comply with ESM framework requirements for affected securities
- Enhanced due diligence and monitoring required for securities under ESM
- Specific trading restrictions and margin requirements apply based on ESM stage
Important Dates
- Effective Date: August 5, 2025 - All ESM framework changes take effect
Impact Assessment
The ESM framework updates will result in enhanced monitoring and potential trading restrictions for the affected securities. Investors and trading members should be aware of the additional compliance requirements and potential impact on liquidity for securities under ESM surveillance.
Impact Justification
Affects trading conditions for multiple securities under enhanced surveillance framework