Description

BSE announces lower revision of GSM stages for 58 securities, moving them to less stringent surveillance categories.

Summary

BSE has announced a lower revision of Graded Surveillance Measure (GSM) stages for 58 securities. These companies are being moved to less stringent surveillance categories, indicating improved compliance or market conditions.

Key Points

  • 58 securities have their GSM stages reduced
  • Stage reductions range from Stage 4 to 3, Stage 3 to 2, Stage 2 to 1, and Stage 1 to 0
  • Securities span across multiple market segments (X, XT, Z, MS, P, T, B)
  • Complete exit from GSM (Stage 0) applies to 14 securities
  • Most affected securities are in XT (extended trading) group

Regulatory Changes

Reduced surveillance measures will result in:

  • Lower additional surveillance deposit requirements
  • Relaxed trading restrictions
  • Improved market accessibility for affected securities
  • Enhanced liquidity potential

Compliance Requirements

  • Market participants should note the revised GSM stages for trading purposes
  • Brokers must update their systems to reflect new surveillance parameters
  • Investors should be aware of changed trading conditions

Important Dates

  • Circular date: August 8, 2025
  • Implementation: Immediate effect from notification

Impact Assessment

Positive impact for affected securities:

  • Reduced trading restrictions may improve liquidity
  • Lower compliance burden for listed companies
  • Enhanced investor confidence due to improved surveillance status
  • Potential for increased trading volumes in these securities

Impact Justification

Affects trading conditions for 58 securities with reduced surveillance measures