Description
Three securities are moving to higher GSM stages with Prashant India Ltd moving to Stage II and India Radiators Ltd and Aar Shyam India Investment Company Limited moving to Stage III.
Summary
BSE has announced the movement of three securities to higher stages under the Graded Surveillance Measure (GSM) framework. Prashant India Ltd is moving to GSM Stage II, while India Radiators Ltd and Aar Shyam India Investment Company Limited are advancing to GSM Stage III.
Key Points
- Three securities are being moved to higher GSM stages
- Prashant India Ltd (Security Code: 519014, ISIN: INE100E01012) moves to GSM Stage II
- India Radiators Ltd (Security Code: 505100, ISIN: INE461Y01016) moves to GSM Stage III
- Aar Shyam India Investment Company Limited (Security Code: 542377, ISIN: INE512R01010) moves to GSM Stage III
- Securities can move to lower GSM stages if included in ESM or IBC frameworks
Regulatory Changes
The affected securities will be subject to enhanced surveillance measures corresponding to their new GSM stages, including potential trading restrictions and additional compliance requirements.
Compliance Requirements
- Enhanced monitoring and surveillance measures will apply to the listed securities
- Trading in these securities may be subject to additional restrictions based on their GSM stage
- Market participants should exercise increased caution when trading these securities
Important Dates
Effective date: August 7, 2025
Impact Assessment
The impact is limited to the three specific securities mentioned. Higher GSM stages typically result in reduced liquidity and increased trading restrictions, which may affect investor sentiment and trading volumes for these particular stocks.
Impact Justification
GSM stage changes impose additional trading restrictions but affect only three specific securities