Description

BSE announces movement of three securities to higher GSM stages with two companies moving to Stage II and one to Stage IV.

Summary

BSE has announced the movement of three securities to higher stages under the Graded Surveillance Measure (GSM) framework. Parker Agrochem Exports Ltd. and Space Incubatrics Technologies Limited move to GSM Stage II, while Sparkle Gold Rock Limited advances to GSM Stage IV.

Key Points

  • Three securities are subject to enhanced surveillance measures
  • Two companies move to GSM Stage II with moderate restrictions
  • One company moves to GSM Stage IV with stricter surveillance
  • GSM framework provides graded approach to market surveillance

Securities Affected

Moving to GSM Stage II:

  • Parker Agrochem Exports Ltd. (Code: 524628, ISIN: INE750B01010)
  • Space Incubatrics Technologies Limited (Code: 541890, ISIN: INE797Z01010)

Moving to GSM Stage IV:

  • Sparkle Gold Rock Limited (Code: 530037, ISIN: INE618F01010)

Regulatory Framework

The GSM framework implements graded surveillance measures with securities potentially moving to lower stages if included in Enhanced Surveillance Measure (ESM) or Insolvency and Bankruptcy Code (IBC) frameworks.

Trading Impact

  • Stage II: Moderate surveillance with potential trading restrictions
  • Stage IV: Higher level surveillance with stricter trading conditions
  • Enhanced monitoring of price movements and trading patterns

Compliance Requirements

  • Investors should be aware of applicable surveillance measures
  • Brokers must ensure compliance with GSM stage-specific requirements
  • Enhanced disclosure and monitoring protocols apply

Impact Justification

Affects trading conditions for three securities with increased surveillance measures