Description

BSE announces movement of securities in Enhanced Surveillance Measure framework with two companies moving to higher ESM stages effective November 19, 2025.

Summary

BSE has issued updates to the Enhanced Surveillance Measure (ESM) Framework effective November 19, 2025. Two securities will move to higher ESM stages while no new securities are being added and none are exiting the framework. The consolidated list shows 29+ securities under ESM across different stages.

Key Points

  • No new securities shortlisted for ESM framework
  • Two securities moving to higher ESM stages: Hindustan Appliances Ltd (531918) and Jetmall Spices and Masala Ltd (543286)
  • No securities moving to lower ESM stages
  • No securities exiting ESM framework
  • Consolidated list includes 29 securities across Stage I and Stage II surveillance
  • Changes take effect from November 19, 2025

Securities Moving to Higher ESM Stages

Effective November 19, 2025:

  1. Hindustan Appliances Ltd

    • Scrip Code: 531918
    • ISIN: INE02XD01011

  2. Jetmall Spices and Masala Ltd

    • Scrip Code: 543286
    • ISIN: INE0D9X01018

Current ESM Framework Status

The consolidated list includes securities in various ESM stages:

Stage I Securities: 25 companies including AAA Technologies Ltd, Aarvee Denims & Exports Ltd, Abram Food Ltd, Achyut Healthcare Ltd, ADC India Communications Ltd, and others

Stage II Securities: 4 companies including Amit Securities Ltd, Anirit Ventures Ltd, Anka India Ltd, and Aplab Ltd

Regulatory Framework

Enhanced Surveillance Measure is a framework designed to alert investors about securities showing abnormal price movements or other unusual trading patterns. Securities under ESM face:

  • Increased scrutiny and monitoring
  • Potential trading restrictions
  • Progressive stages with escalating measures
  • Movement between stages based on ongoing surveillance

Important Dates

  • Effective Date: November 19, 2025
  • Circular Date: November 18, 2025

Impact Assessment

Investors holding or trading in Hindustan Appliances Ltd and Jetmall Spices and Masala Ltd should be aware of stricter surveillance measures being applied. Higher ESM stages typically indicate increased concern about trading patterns and may result in additional restrictions or requirements. Market participants should exercise caution and conduct thorough due diligence before trading in ESM securities.

Impact Justification

Affects two securities moving to higher ESM stages with increased surveillance and trading restrictions, impacting investor trading patterns