Description
List of 9 securities moving into GSM Stages I, II, and III as part of enhanced surveillance measures.
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 surveillance based on risk assessment.
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
- Securities marked with (*) are moving as per NSE classification
- Some securities may move to lower GSM stages due to inclusion in ESM or IBC frameworks
Regulatory Changes
Implementation of enhanced surveillance measures under the GSM framework for the listed securities, with different stages indicating varying levels of monitoring and potential trading restrictions.
Compliance Requirements
- Trading members must comply with applicable GSM stage requirements for each security
- Enhanced monitoring and reporting requirements may apply
- Position limits and other restrictions as per GSM stage provisions
Important Dates
Effective date: August 25, 2025 (as per circular date)
Impact Assessment
The GSM classification will result in enhanced surveillance and potential trading restrictions for these securities. Higher GSM stages typically involve additional compliance requirements, position limits, and increased monitoring, which may affect liquidity and trading activity in these scrips.
Impact Justification
Affects 9 securities with enhanced surveillance measures that could impact trading volumes and investor behavior