Description
Three securities moved to different GSM stages with Parker Agrochem and Space Incubatrics moving to Stage II, and Sparkle Gold Rock to Stage IV.
Summary
BSE has moved three securities to different stages of the Graded Surveillance Measure (GSM) framework. Parker Agrochem Exports Ltd. and Space Incubatrics Technologies Limited have been moved to GSM Stage II, while Sparkle Gold Rock Limited has been moved to GSM Stage IV.
Key Points
- Parker Agrochem Exports Ltd. (524628) moved to GSM Stage II
- Space Incubatrics Technologies Limited (541890) moved to GSM Stage II
- Sparkle Gold Rock Limited (530037) moved to GSM Stage IV
- Securities can move to lower GSM stages if included in ESM or IBC frameworks
Regulatory Changes
The affected securities will now be subject to the trading restrictions and surveillance measures applicable to their respective GSM stages.
Compliance Requirements
- Market participants must adhere to the trading conditions specified for each GSM stage
- Enhanced monitoring and reporting requirements apply to securities under GSM
- Investors should be aware of the increased surveillance and potential trading limitations
Important Dates
Effective Date: September 10, 2025
Impact Assessment
The GSM stage movements will result in enhanced surveillance and potentially restricted trading conditions for these securities. Stage II involves moderate surveillance measures, while Stage IV represents more stringent monitoring and trading restrictions. This may impact liquidity and investor participation in these securities.
Impact Justification
GSM stage movements affect trading conditions and investor confidence for the affected securities