Description
BSE announces movement of 6 securities into various GSM stages, with 3 companies moving to Stage I and 3 to Stage II surveillance.
Summary
BSE has announced the movement of 6 securities into different stages of the Graded Surveillance Measure (GSM) framework. Three companies - Kiduja India Ltd, Sparkle Gold Rock Ltd, and Paos Industries Ltd - are moving to GSM Stage I, while Shakti Press Ltd, Explicit Finance Ltd, and Gravity India Ltd are moving to GSM Stage II.
Key Points
- 6 securities are being moved to enhanced surveillance stages
- 3 securities moving to GSM Stage I: Kiduja India, Sparkle Gold Rock, Paos Industries
- 3 securities moving to GSM Stage II: Shakti Press, Explicit Finance, Gravity India
- GSM framework provides graded surveillance based on risk assessment
- Securities marked with special symbols may have different treatment due to ESM or IBC frameworks
Regulatory Changes
Implementation of enhanced surveillance measures under the GSM framework for the listed securities, which may include:
- Additional margin requirements
- Price bands
- Position limits
- Enhanced disclosure requirements
Compliance Requirements
- Trading members must comply with enhanced surveillance parameters
- Investors should be aware of additional trading restrictions
- Companies may need to provide enhanced disclosures
- Compliance with specific GSM stage requirements
Important Dates
- Effective Date: September 1, 2025
- Circular Date: September 1, 2025
Impact Assessment
The GSM classification will result in enhanced surveillance and potentially restricted trading conditions for these securities. Investors may face additional margin requirements and position limits. The measure aims to protect investor interests by monitoring securities that exhibit unusual price movements or trading patterns.
Impact Justification
Affects trading conditions for 6 securities with enhanced surveillance measures