Description
BSE announces movement of 9 securities into various stages of Graded Surveillance Measure framework for enhanced monitoring.
Summary
BSE has announced the movement of 9 securities into different stages of the Graded Surveillance Measure (GSM) framework. Six securities are moving to GSM Stage I, one to Stage II, and two to Stage III, indicating varying levels of enhanced surveillance and trading restrictions.
Key Points
- 6 securities moving to GSM Stage I: International Data Management, Popees Cares Limited, Venmax Drugs And Pharmaceuticals, Morarjee Textiles Ltd., Aayush Wellness Limited, and Emami Realty Ltd
- 1 security moving to GSM Stage II: ANS Industries Ltd
- 2 securities moving to GSM Stage III: Iykot Hitech Toolroom Ltd. and Adhata Global Limited
- Higher GSM stages impose stricter trading conditions and monitoring requirements
- Emami Realty Ltd movement is as per NSE guidelines
Regulatory Changes
Securities are subject to enhanced surveillance measures under the GSM framework, which may include:
- Additional disclosure requirements
- Stricter price monitoring
- Enhanced compliance obligations
- Potential trading restrictions based on GSM stage
Compliance Requirements
- Listed companies must comply with enhanced disclosure and monitoring requirements specific to their GSM stage
- Trading members need to be aware of special conditions applicable to these securities
- Investors should note the surveillance status when trading these securities
Important Dates
- Effective Date: August 25, 2025
Impact Assessment
The GSM classification affects trading liquidity and investor perception of these securities. Higher GSM stages typically result in reduced trading volumes and may impact stock prices due to enhanced scrutiny and potential trading restrictions.
Impact Justification
Affects trading conditions for 9 securities with varying levels of surveillance restrictions