Description

BSE announces movement of securities in and out of Enhanced Surveillance Measure framework with stage changes effective August 12, 2025.

Summary

BSE has announced updates to the Enhanced Surveillance Measure (ESM) framework effective August 12, 2025. Five new securities are being added to ESM, three securities will move to higher ESM stages, and no securities are moving out of the framework or to lower stages.

Key Points

  • 5 new securities shortlisted for ESM framework including Alfred Herbert India Ltd, Ganga Pharmaceuticals Ltd, Gayatri BioOrganics Ltd, HT Media Ltd, and Jay Bharat Maruti Ltd
  • 3 securities moving to higher ESM stages: Focus Business Solution Ltd, Kachchh Minerals Ltd, and Shree Rajasthan Syntex Ltd
  • No securities moving out of ESM framework or to lower stages
  • Consolidated list shows securities across ESM Stage I and Stage II
  • Several SME scrips included in the surveillance measures

Regulatory Changes

Implementation of Enhanced Surveillance Measure adjustments affecting trading conditions and monitoring levels for identified securities based on market behavior and compliance parameters.

Compliance Requirements

  • Enhanced reporting and monitoring requirements for listed securities under ESM
  • Stricter surveillance parameters for securities moving to higher ESM stages
  • Continued compliance with ESM framework requirements for existing securities

Important Dates

  • Effective Date: August 12, 2025 - All ESM framework changes take effect

Impact Assessment

The surveillance measures will impose additional trading restrictions and monitoring on affected securities. Investors should expect potential impact on liquidity and trading volumes for securities under ESM framework. The measures are designed to protect investor interests and maintain market integrity for securities exhibiting unusual price or volume movements.

Impact Justification

Affects trading conditions for multiple securities through surveillance measure changes