Description
BSE announces movement of securities in and out of Enhanced Surveillance Measure framework with stage changes effective August 11, 2025.
Summary
BSE has announced changes to the Enhanced Surveillance Measure (ESM) framework effective August 11, 2025. The circular details securities being newly added to ESM, those moving to higher ESM stages, and those being moved to lower ESM stages within the surveillance framework.
Key Points
- 3 securities newly shortlisted for Enhanced Surveillance Measure (ESM) framework
- 4 securities continuing in ESM but moving to higher stages
- 49 securities continuing in ESM but moving to lower stages
- All changes effective from August 11, 2025
- ESM framework involves enhanced monitoring and potential trading restrictions
Securities Movements
Newly Added to ESM:
- Crimson Metal Engineering Company Ltd (526977)
- Gem Spinners India Ltd (521133)
- Neil Industries Ltd (539016)
Moving to Higher ESM Stage:
- India Lease Development Ltd (500202)
- Norben Tea & Exports Ltd (519528)
- Swagtam Trading & Services Ltd (539406)
- Times Guaranty Ltd (511559)
Moving to Lower ESM Stage:
- 49 securities including Aplab Ltd, Atlas Cycles (Haryana) Ltd, Bemco Hydraulics Ltd, and others
Compliance Requirements
- Securities under ESM are subject to enhanced monitoring
- Trading members must comply with additional surveillance requirements
- Investors should be aware of potential trading restrictions on ESM securities
Important Dates
- Effective Date: August 11, 2025
Impact Assessment
The ESM framework changes will affect trading conditions for the listed securities. Securities moving to higher ESM stages may face increased scrutiny and potential trading restrictions, while those moving to lower stages may experience relaxed surveillance measures. New additions to ESM indicate regulatory concerns requiring enhanced monitoring.
Impact Justification
Affects trading conditions for multiple securities through surveillance measure changes