Description

BSE updates on Enhanced Surveillance Measure framework with three companies moving to higher ESM stages effective August 7, 2025, and consolidated list of all securities under ESM surveillance.

Summary

BSE has issued updates to the Enhanced Surveillance Measure (ESM) Framework effective August 7, 2025. Three securities will move to higher ESM stages: Aris International Ltd, Kreon Finnancial Services Ltd, and Skyline Millars Ltd. No new securities are being added to ESM, and no securities are moving out of the framework.

Key Points

  • Three companies moving to higher ESM stages effective August 7, 2025
  • No new securities shortlisted for ESM framework
  • No securities moving out of ESM framework
  • Consolidated list shows 31+ securities currently under various ESM stages
  • Framework includes both main board and SME securities

Regulatory Changes

  • Aris International Ltd (531677) moving to higher ESM stage
  • Kreon Finnancial Services Ltd (530139) moving to higher ESM stage
  • Skyline Millars Ltd (505650) moving to higher ESM stage
  • ESM stages range from Stage I to Stage II based on risk assessment

Compliance Requirements

  • Securities under ESM face enhanced surveillance and monitoring
  • Trading restrictions may apply based on ESM stage
  • Companies must comply with additional disclosure requirements
  • Market participants should exercise caution when trading ESM securities

Important Dates

  • August 7, 2025: Effective date for ESM stage changes
  • Changes apply from market opening on the effective date

Impact Assessment

The ESM framework updates affect three specific securities with enhanced surveillance measures. While no new securities are added, the stage upgrades indicate continued regulatory concerns about these companies. Investors and traders should be aware of the enhanced monitoring and potential trading restrictions on these securities. The framework serves as a risk management tool to protect market integrity.

Impact Justification

Regular ESM framework updates affecting specific securities with trading restrictions but no new securities added