Description
List of 14 securities moving 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. Four securities are moving to Stage I, one to Stage II, five to Stage III, and four to Stage IV, with progressively stricter trading conditions at each stage.
Key Points
- 14 securities are moving into various GSM stages effective immediately
- Stage I: 4 securities including Invigorated Business Consulting Ltd, Bloom Industries Ltd
- Stage II: 1 security - Yaari Digital Integrated Services Ltd
- Stage III: 5 securities including Mipco Seamless Rings Gujarat Ltd, Sashwat Technocrats Ltd
- Stage IV: 4 securities including Soma Papers & Industries Ltd, VK Global Industries Ltd
- Securities may move to lower GSM stages if included in ESM or IBC frameworks
Regulatory Changes
Securities entering GSM framework will be subject to:
- Enhanced surveillance measures
- Stricter trading conditions based on GSM stage
- Additional disclosure requirements
- Potential trading restrictions or monitoring
Compliance Requirements
- Trading members must adhere to GSM-specific trading conditions
- Enhanced due diligence required for transactions in GSM securities
- Compliance with stage-specific surveillance measures
- Regular monitoring and reporting as per GSM framework
Important Dates
- Effective Date: August 13, 2025 (immediate implementation)
- Securities classification updated in BSE systems
Impact Assessment
The GSM classification will result in:
- Restricted trading conditions for affected securities
- Enhanced monitoring by exchange
- Potential impact on liquidity and trading volumes
- Increased compliance burden for market participants
- Investor awareness of heightened surveillance status
Impact Justification
Affects trading conditions for 14 securities under enhanced surveillance framework