Description
BSE announces movement of 14 securities into different stages of Graded Surveillance Measure framework for enhanced monitoring.
Summary
BSE has announced the movement of 14 securities into different stages of the Graded Surveillance Measure (GSM) framework. The securities are being moved to GSM Stages I through IV based on their risk assessment and market behavior.
Key Points
- 4 securities moving to GSM Stage I: Invigorated Business Consulting Ltd, Bloom Industries Ltd, Tamilnadu Steel Tubes Ltd, Polymac Thermoformers Ltd
- 1 security moving to GSM Stage II: Yaari Digital Integrated Services Ltd
- 5 securities moving to GSM Stage III: Mipco Seamless Rings Gujarat Ltd, Sashwat Technocrats Ltd, Integrated Proteins Ltd, Tirth Plastic Ltd, ACE Edutrend Ltd
- 4 securities moving to GSM Stage IV: Soma Papers & Industries Ltd, VK Global Industries Ltd, Coromandel Engineering Company Ltd, RCI Industries & Technologies Ltd
- Securities marked with special symbols may have lower GSM stages due to inclusion in ESM or IBC frameworks
Regulatory Changes
Implementation of enhanced surveillance measures across different GSM stages for the identified securities, with varying levels of monitoring and trading restrictions based on the assigned stage.
Compliance Requirements
- Trading members must be aware of the GSM stage assignments for affected securities
- Enhanced monitoring and reporting requirements may apply based on GSM stage
- Compliance with specific trading conditions and restrictions for each GSM stage
Important Dates
- Circular date: August 13, 2025
- Effective implementation as per GSM framework guidelines
Impact Assessment
The GSM stage assignments will result in enhanced surveillance and potential trading restrictions for the affected securities. Higher GSM stages typically involve more stringent monitoring, which may impact liquidity and trading volumes for these securities.
Impact Justification
Affects trading conditions for 14 securities through enhanced surveillance measures