Description
Four securities moved to various GSM stages with three companies entering Stage I and one entering Stage II surveillance.
Summary
BSE has announced that four securities will be moved to different stages of the Graded Surveillance Measure (GSM) framework. Three companies - Parker Agrochem Exports Ltd., Si Capital & Financial Service, and Golechha Global Finance Ltd. - have been moved to GSM Stage I, while Photon Capital Advisors Ltd. has been moved to GSM Stage II.
Key Points
- Parker Agrochem Exports Ltd. (Code: 524628, ISIN: INE750B01010) moved to GSM Stage I
- Si Capital & Financial Service (Code: 530907, ISIN: INE417F01017) moved to GSM Stage I
- Golechha Global Finance Ltd. (Code: 531360, ISIN: INE427D01011) moved to GSM Stage I
- Photon Capital Advisors Ltd. (Code: 509084, ISIN: INE107J01016) moved to GSM Stage II
- Securities may move to lower GSM stages if included in ESM or IBC frameworks
Regulatory Changes
The GSM framework applies enhanced surveillance measures to securities based on their risk profile and trading patterns. Stage I represents initial surveillance while Stage II involves more stringent monitoring.
Compliance Requirements
- Traders and investors must be aware of enhanced surveillance measures applicable to these securities
- Trading members should ensure compliance with GSM-related requirements for affected securities
- Market participants should monitor any additional restrictions or requirements for GSM securities
Important Dates
- Effective Date: September 5, 2025
Impact Assessment
The inclusion of these securities in GSM stages may result in reduced trading volumes, increased price volatility monitoring, and potential impact on liquidity. Investors should exercise additional caution when trading in these securities due to enhanced surveillance measures.
Impact Justification
Affects trading in four specific securities with enhanced surveillance measures that may impact liquidity and investor behavior