Description

Four securities moved to different GSM stages with Tejassvi Aaharam Ltd and Minolta Finance Ltd moving to GSM Stage II, while Mehta Securities Ltd and Welterman International Ltd moved to GSM Stage III.

Summary

BSE has updated the Graded Surveillance Measure (GSM) list, moving four securities to different GSM stages. Two securities moved to GSM Stage II and two moved to GSM Stage III, indicating increased surveillance and trading restrictions.

Key Points

  • Tejassvi Aaharam Ltd (531628) and Minolta Finance Ltd (532164) moved to GSM Stage II
  • Mehta Securities Ltd (511738) and Welterman International Ltd (526431) moved to GSM Stage III
  • Securities marked (#) may move to lower GSM stages due to ESM Framework inclusion
  • Securities marked ($) may move to lower GSM stages due to IBC Framework inclusion

Regulatory Changes

The GSM framework classification has been updated for the four specified securities, with higher GSM stages typically involving more stringent trading conditions and surveillance.

Compliance Requirements

  • Market participants should note the new GSM classifications for these securities
  • Enhanced due diligence may be required for trading in these securities
  • Additional margin requirements may apply based on GSM stage

Important Dates

  • Effective Date: August 20, 2025

Impact Assessment

The GSM placement may result in reduced liquidity and increased volatility for the affected securities. Investors should exercise caution when trading these stocks as they are under enhanced surveillance due to various risk factors.

Impact Justification

GSM placement affects trading behavior and investor sentiment for specific securities but has limited broader market impact