Description

Two securities are moving to different GSM stages under the Graded Surveillance Measure framework.

Summary

BSE has announced GSM stage movements for two securities under the Graded Surveillance Measure framework. Noida Toll Bridge Company Ltd moves to GSM Stage I, while Popees Cares Ltd moves to GSM Stage III.

Key Points

  • Noida Toll Bridge Company Ltd (532481) moves to GSM Stage I
  • Popees Cares Ltd (530565) moves to GSM Stage III
  • Securities marked with special symbols may have different GSM movements due to ESM or IBC framework inclusion

Regulatory Changes

GSM stage changes impose different surveillance measures and trading restrictions based on the assigned stage level.

Compliance Requirements

  • Trading members must adhere to GSM stage-specific requirements
  • Enhanced due diligence may be required for transactions in these securities
  • Margin requirements may vary based on GSM stage

Important Dates

Effective date not specified in the circular.

Impact Assessment

GSM stage movements typically result in increased margin requirements and enhanced surveillance for the affected securities, potentially impacting liquidity and trading volumes.

Impact Justification

Surveillance measure changes affect trading conditions for two securities