Description

17 securities moved to different GSM stages with 11 securities entering Stage I and 6 securities entering Stage II for enhanced monitoring.

Summary

BSE has moved 17 securities into different stages of the Graded Surveillance Measure (GSM) framework. 11 securities have been moved to GSM Stage I, while 6 securities have been moved to GSM Stage II, indicating escalated surveillance and monitoring requirements.

Key Points

  • 11 securities moved to GSM Stage I: Jainex Aamcol Ltd, Sashwat Technocrats Ltd, Munoth Capital Markets Ltd, Rishab Special Yarns Ltd, Artson Ltd, High Street Filatex Ltd, Vikalp Securities Ltd, Step Two Corporation Ltd, Omkar Pharmachem Ltd, Concrete Credit Ltd, and Adjia Technologies Ltd
  • 6 securities moved to GSM Stage II: Mathew Easow Research Securities Ltd, MFS Intercorp Ltd, Harmony Capital Service Ltd, VK Global Industries Ltd, Adhata Global Ltd, and Shivamshree Businesses Ltd
  • Securities may move to lower GSM stages if included in ESM or IBC frameworks
  • Changes aligned with NSE framework

Regulatory Changes

Securities have been reclassified under the GSM framework based on their risk profiles and trading patterns. This represents a change in surveillance intensity for the affected securities.

Compliance Requirements

  • Trading members must be aware of the enhanced surveillance status of these securities
  • Additional monitoring and reporting requirements may apply for transactions in these securities
  • Compliance with GSM-specific trading restrictions and conditions

Important Dates

  • Effective Date: August 11, 2025
  • Circular Date: August 11, 2025

Impact Assessment

The move to GSM stages will result in enhanced surveillance and potentially stricter trading conditions for the affected securities. This may impact liquidity and trading volumes for these stocks. Investors and traders should be aware of the additional monitoring these securities are under and any associated trading restrictions.

Impact Justification

Medium importance as it affects trading conditions for 17 securities under surveillance framework but is routine regulatory action