Description

BSE announces additions and stage changes for securities under Enhanced Surveillance Measure framework with 4 new securities added and 7 securities moving to higher ESM stages.

Summary

BSE has updated the Enhanced Surveillance Measure (ESM) framework effective August 22, 2025. Four new securities have been shortlisted for ESM, seven securities will move to higher ESM stages, and no securities are being removed from the framework.

Key Points

  • 4 new securities added to ESM framework including 2 SME scrips
  • 7 existing securities moving to higher ESM stages
  • No securities moving to lower ESM stages or exiting the framework
  • Enhanced surveillance involves stricter trading conditions and monitoring
  • Changes effective from August 22, 2025

Securities Added to ESM Framework

New Additions:

  • Arman Holdings Ltd (538556)
  • Davin Sons Retail Ltd# (544331) - SME scrip
  • Navigant Corporate Advisors Ltd# (539521) - SME scrip
  • Sharma East India Hospitals & Medical Research Ltd (524548)

Moving to Higher ESM Stages:

  • CWD Ltd# (543378) - SME scrip
  • India Steel Works Ltd (513361)
  • Kashyap Tele-Medicines Ltd (531960)
  • Kinetic Engineering Ltd (500240)
  • Meyer Apparel Ltd (531613)
  • SRM Energy Ltd (523222)
  • U. H. Zaveri Ltd (541338)

Regulatory Changes

Securities under ESM framework are subject to enhanced monitoring and stricter trading conditions as part of BSE’s risk management measures. The framework includes multiple stages with progressively stricter surveillance measures.

Compliance Requirements

Trading members and investors should note the enhanced surveillance status of these securities and comply with any additional trading restrictions or requirements that may apply.

Important Dates

  • Effective Date: August 22, 2025
  • All ESM changes become applicable from market opening on this date

Impact Assessment

The ESM framework may result in reduced liquidity and increased volatility monitoring for affected securities. Investors should exercise additional caution when trading these securities due to enhanced surveillance measures.

Impact Justification

Affects trading conditions for multiple securities with enhanced surveillance measures