Description
BSE updates Enhanced Surveillance Measure framework with new securities additions and stage movements effective August 28, 2025.
Summary
BSE has updated its Enhanced Surveillance Measure (ESM) framework effective August 28, 2025, adding 3 new securities to ESM and moving 13 existing securities to higher ESM stages. No securities are moving to lower stages or exiting the framework.
Key Points
- 3 new securities added to ESM framework: IZMO Ltd, Oceanic Foods Ltd, and Subam Papers Ltd
- 13 securities moved to higher ESM stages including AGS Transact Technologies, Containerway International, and others
- No securities moved to lower ESM stages
- No securities exited the ESM framework
- Consolidated list shows securities across ESM Stage I and Stage II
- Framework includes both main board and SME securities
Regulatory Changes
The ESM framework applies enhanced surveillance measures to securities that exhibit price movement patterns requiring closer monitoring. Securities in higher ESM stages face stricter trading controls and surveillance.
Compliance Requirements
- Market participants must comply with enhanced surveillance measures for affected securities
- Trading in ESM securities subject to additional monitoring and restrictions
- Brokers and investors should be aware of ESM classifications when trading affected securities
Important Dates
- Effective Date: August 28, 2025 - All ESM framework changes become effective
Impact Assessment
The ESM framework updates will result in enhanced monitoring and potential trading restrictions for 16 securities. Investors and traders dealing with these securities should expect increased scrutiny and possible impact on liquidity. The measures are designed to protect market integrity and prevent excessive speculation.
Impact Justification
Affects multiple securities with enhanced surveillance measures that impact trading activities and investor behavior