Description

BSE updates ESM framework with securities moving in, out, and between surveillance stages effective August 5, 2025.

Summary

BSE has updated the Enhanced Surveillance Measure (ESM) Framework with securities moving between different surveillance stages effective August 5, 2025. One new security has been added to ESM, four securities are moving to higher ESM stages, and no securities are exiting the framework.

Key Points

  • Elegant Floriculture & Agrotech India Ltd (526473) newly added to ESM Stage I
  • Four securities moving to higher ESM stages: Fine Line Circuits, Mayur Floorings, Precision Electronics, and Trustedge Capital
  • No securities moving to lower ESM stages or exiting the framework
  • Consolidated list shows 30+ securities currently under various ESM stages
  • Changes effective from August 5, 2025

Regulatory Changes

The ESM framework continues to operate with securities being monitored under different surveillance stages based on their risk profiles and trading patterns. Securities can move between stages based on their compliance and market behavior.

Compliance Requirements

  • Listed companies under ESM must comply with enhanced disclosure requirements
  • Trading in ESM securities subject to additional restrictions and monitoring
  • Investors should be aware of enhanced surveillance status when trading these securities

Important Dates

  • Effective Date: August 5, 2025 - All ESM stage changes become effective

Impact Assessment

The updates affect trading conditions for the specified securities, with higher ESM stages typically involving stricter surveillance measures. Investors in these securities should expect enhanced monitoring and potential trading restrictions. The addition of new securities and stage upgrades indicate continued regulatory focus on market integrity and investor protection.

Impact Justification

Affects trading conditions for multiple securities under enhanced surveillance with stage movements