Description
BSE announces movement of 5 securities to higher GSM stages including Hindustan Fluorocarbons, G-Tech Info-Training, Simplex Mills, Dhenu Buildcon Infra, and Foundry Fuel Products.
Summary
BSE has announced the movement of 5 securities to higher stages under the Graded Surveillance Measure (GSM) framework. The securities are being moved to various GSM stages ranging from Stage I to Stage IV based on their risk assessment.
Key Points
- 5 securities are moving to higher GSM stages
- Hindustan Fluorocarbons Ltd. moves to GSM Stage I
- G-Tech Info-Training Ltd. moves to GSM Stage II
- Simplex Mills Company Ltd. moves to GSM Stage III
- Dhenu Buildcon Infra Ltd. and Foundry Fuel Products Ltd. move to GSM Stage IV
- Securities may move to lower GSM stages if included in ESM or IBC frameworks
Regulatory Changes
Implementation of enhanced surveillance measures for the listed securities, which may include additional margin requirements, price bands, and trading restrictions based on their respective GSM stages.
Compliance Requirements
- Investors should be aware of enhanced surveillance measures applicable to these securities
- Trading members must comply with additional margin and risk management requirements
- Companies must adhere to enhanced disclosure and compliance requirements
Important Dates
Effective date: August 5, 2025
Impact Assessment
The GSM framework aims to protect investor interests by implementing graded surveillance measures on securities exhibiting unusual price movements or trading patterns. Higher GSM stages typically involve stricter trading conditions, which may impact liquidity and trading volumes for the affected securities.
Impact Justification
Surveillance measures affect trading but are routine market operations for specific securities