Description

BSE adds Continental Controls Ltd to Enhanced Surveillance Measure framework effective November 7, 2025. The circular provides consolidated list of all securities under ESM with their respective stages.

Summary

BSE has updated the Enhanced Surveillance Measure (ESM) Framework effective November 7, 2025. Continental Controls Ltd (Scrip Code: 531460, ISIN: INE545B01022) has been newly shortlisted and added to the ESM framework at Stage I. No securities are moving to higher or lower ESM stages, and no securities are exiting the framework. The circular includes a consolidated list of 30+ securities currently under various ESM stages.

Key Points

  • Continental Controls Ltd added to ESM Framework at Stage I effective November 7, 2025
  • Scrip Code: 531460, ISIN: INE545B01022
  • No securities moving to higher ESM stages
  • No securities moving to lower ESM stages
  • No securities exiting ESM framework
  • Consolidated list includes securities at ESM Stage I and Stage II
  • Multiple SME scrips included in the framework

Regulatory Changes

The Enhanced Surveillance Measure framework applies additional surveillance and trading restrictions to securities that exhibit abnormal price movements or pose concerns regarding market integrity. Securities under ESM are subject to:

  • Enhanced monitoring of trading activities
  • Possible additional margins or trading restrictions
  • Staged framework with escalating measures based on continued concerns

Compliance Requirements

  • Trading members must be aware of securities under ESM framework
  • Additional margins may apply to positions in ESM securities
  • Investors should exercise caution when trading securities under surveillance
  • Market participants must comply with any additional requirements specified for ESM securities

Important Dates

  • Effective Date: November 7, 2025 - Continental Controls Ltd enters ESM Stage I
  • Circular Date: November 6, 2025

Impact Assessment

Market Impact: Medium - Addition of one security to ESM framework has limited immediate market impact. Continental Controls Ltd will face enhanced scrutiny and potential trading restrictions.

Trading Impact: Securities under ESM may experience reduced liquidity due to enhanced margins and surveillance measures. Traders and investors in Continental Controls Ltd should be aware of potential additional requirements.

Investor Considerations: ESM placement indicates exchange concerns about price movements or trading patterns. Investors should conduct thorough due diligence before trading in ESM securities and be prepared for potential volatility or liquidity constraints.

Consolidated ESM Securities List (Partial)

The framework currently includes 30+ securities at various ESM stages including:

  • AAA Technologies Ltd (Stage I)
  • Aarey Drugs & Pharmaceuticals Ltd (Stage II)
  • Aarvee Denims & Exports Ltd (Stage I)
  • ABM Knowledgeware Ltd (Stage I)
  • Multiple SME scrips across different stages

Impact Justification

One security added to ESM framework with trading restrictions. Continental Controls Ltd now subject to enhanced surveillance. Routine surveillance measure affecting limited number of securities.