Description

BSE announces movement of 5 securities into different GSM stages for enhanced surveillance and monitoring.

Summary

BSE has announced the movement of 5 securities into different stages of the Graded Surveillance Measure (GSM) framework. Three securities are moving to GSM Stage I, while two securities are advancing to GSM Stage II for enhanced monitoring and surveillance.

Key Points

  • 5 securities are being moved to different GSM stages
  • 3 securities moving to GSM Stage I: Venlon Enterprises Ltd., SC Agrotech Limited, Ace Engitech Limited
  • 2 securities moving to GSM Stage II: Noida Toll Bridge Company Ltd., Nivaka Fashions Limited
  • GSM framework provides graded surveillance based on risk assessment
  • Securities may move to lower GSM stages if included in ESM or IBC frameworks

Regulatory Changes

Implementation of enhanced surveillance measures under the GSM framework for the identified securities, with different levels of monitoring based on assigned stages.

Compliance Requirements

  • Market participants must adhere to enhanced surveillance conditions for affected securities
  • Trading in these securities will be subject to GSM-specific restrictions and monitoring
  • Investors should be aware of additional surveillance measures applicable to these stocks

Important Dates

  • Circular Date: September 8, 2025
  • Implementation: As per GSM framework guidelines

Impact Assessment

Medium impact on affected securities with enhanced surveillance leading to potential trading restrictions. Investors in these 5 securities should expect increased monitoring and possible limitations on trading activities as per GSM stage requirements.

Impact Justification

Affects trading conditions for 5 securities under enhanced surveillance framework