Description
BSE updates Enhanced Surveillance Measure framework with new securities additions, stage movements, and consolidated list effective August 29, 2025.
Summary
BSE has announced updates to the Enhanced Surveillance Measure (ESM) Framework effective August 29, 2025. The circular includes addition of 7 new securities to ESM, movement of 1 security to higher ESM stage, and provides a consolidated list of all securities currently under ESM framework with their respective stages.
Key Points
- 7 securities newly added to ESM Framework: Andhra Cements Ltd, Befound Movement Ltd, B-Right Realestate Ltd, Filtron Engineers Ltd, Omni AXs Software Ltd, Reliable Data Services Ltd, and Yash Innoventures Ltd
- Krishival Foods Ltd moved to higher ESM stage
- No securities moved out of ESM Framework
- No securities moved to lower ESM stages
- Consolidated list shows securities across ESM Stage I and Stage II
Regulatory Changes
Implementation of Enhanced Surveillance Measure framework revisions with specific securities classifications and stage movements to enhance market surveillance and risk management.
Compliance Requirements
- Market participants must adhere to ESM trading parameters for listed securities
- Enhanced monitoring and reporting requirements for securities under ESM framework
- Compliance with stage-specific trading restrictions and surveillance measures
Important Dates
- Effective Date: August 29, 2025 - ESM framework updates become effective
Impact Assessment
The ESM framework updates will result in enhanced surveillance and potentially restricted trading parameters for the affected securities. This may impact liquidity and trading volumes for these stocks as they are subject to additional monitoring measures designed to protect investor interests and maintain market integrity.
Impact Justification
Affects trading parameters for multiple securities under enhanced surveillance framework