Description
BSE announces movement of 8 securities across different stages of the Graded Surveillance Measure (GSM) framework for enhanced monitoring.
Summary
BSE has announced the movement of 8 securities into different stages of the Graded Surveillance Measure (GSM) framework. The securities are being moved to stages I through IV based on their risk profiles, with higher stages indicating stricter surveillance and trading restrictions.
Key Points
- 8 securities are moving to different GSM stages effective immediately
- Otco International Ltd moving to GSM Stage I (lowest surveillance level)
- International Data Management and Ecoboard Industries Ltd moving to GSM Stage II
- Pioneer Agro Extracts Ltd moving to GSM Stage III
- 4 securities (SJ Corporation, Mehta Securities, Satiate Agri, Tacent Projects) moving to GSM Stage IV (highest surveillance)
- Securities marked with special symbols may have framework changes due to ESM or IBC inclusion
Regulatory Changes
Implementation of stricter surveillance measures under the GSM framework for the listed securities. Higher GSM stages typically involve additional margin requirements, position limits, and enhanced monitoring.
Compliance Requirements
- Traders and investors must comply with enhanced surveillance requirements for affected securities
- Additional margin requirements may apply for positions in higher GSM stage securities
- Position limits and other trading restrictions may be applicable
Important Dates
- Effective Date: August 26, 2025 (circular date)
Impact Assessment
Medium impact on trading activities for the 8 affected securities. Securities in higher GSM stages (III and IV) will face more restrictive trading conditions, potentially affecting liquidity and investor participation. Stage IV securities face the most stringent surveillance measures.
Impact Justification
Affects trading conditions for 8 securities with varying levels of surveillance restrictions