Description

Two securities are moving to different stages of GSM framework - Noida Toll Bridge Company Ltd to Stage I and Popees Cares Ltd to Stage III.

Summary

BSE has announced changes to the Graded Surveillance Measure (GSM) stages for two securities effective from the trading session. Noida Toll Bridge Company Ltd is moving to GSM Stage I, while Popees Cares Ltd is advancing to the more restrictive GSM Stage III.

Key Points

  • Noida Toll Bridge Company Ltd (Security Code: 532481, ISIN: INE781B01015) moving to GSM Stage I
  • Popees Cares Ltd (Security Code: 530565, ISIN: INE149B01015) moving to GSM Stage III
  • Securities marked with (#) move to lower GSM stages due to ESM Framework inclusion
  • Securities marked with ($) move to lower GSM stages due to IBC Framework inclusion
  • NSE alignment noted with (*) marking

Regulatory Changes

The GSM framework classification changes will impose different surveillance and trading restrictions on the affected securities based on their new stage classifications.

Compliance Requirements

  • Trading members must comply with the surveillance measures applicable to each GSM stage
  • Enhanced due diligence requirements for transactions in GSM securities
  • Compliance with additional margin and position limits as per GSM stage requirements

Important Dates

  • Effective Date: As per the trading session following circular issuance

Impact Assessment

The GSM stage changes will affect trading liquidity and investor participation in these securities. Stage III classification for Popees Cares Ltd represents a higher level of surveillance with more restrictive trading conditions, while Stage I for Noida Toll Bridge Company Ltd involves moderate surveillance measures.

Impact Justification

GSM stage changes affect trading conditions and investor access to specific securities