Description
BSE updates the list of securities under Enhanced Surveillance Measure (ESM) framework effective November 21, 2025, adding 6 new securities and moving 1 security to higher stage ESM.
Summary
BSE has updated the list of securities under the Enhanced Surveillance Measure (ESM) Framework effective November 21, 2025. Six new securities have been added to ESM Stage I, and one security (Synthiko Foils Ltd) will be moved to a higher ESM stage. No securities are being removed from the ESM framework or moved to lower stages.
Key Points
- 6 new securities added to Enhanced Surveillance Measure (ESM) framework
- 1 security (Synthiko Foils Ltd) moved to higher ESM stage
- No securities moved to lower ESM stages
- No securities exiting the ESM framework
- Changes effective from November 21, 2025
- Consolidated list includes 26+ securities across different ESM stages (I and II)
New Securities Added to ESM (Stage I)
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 519353 | INE856E01019 | Bansisons Tea Industries Ltd |
| 2 | 540361 | INE575D01041 | Danube Industries Ltd |
| 3 | 513121 | INE730A01022 | Oricon Enterprises Ltd* |
| 4 | 511630 | INE699B01027 | Sambhaav Media Ltd* |
| 5 | 513496 | INE235U01012 | Sizemasters Technology Ltd |
| 6 | 539468 | INE761R01013 | Typhoon Financial Services Ltd |
*As per NSE
Securities Moving to Higher ESM Stage
- Synthiko Foils Ltd (Scrip Code: 513307, ISIN: INE363L01045) - Moving to higher ESM stage
Regulatory Changes
Securities under ESM framework are subject to:
- Additional surveillance due to abnormal price movements or trading patterns
- Staged restrictions based on severity (Stage I or Stage II)
- Potential trade-for-trade settlement
- Enhanced monitoring by the exchange
Compliance Requirements
- Market participants should note the ESM classification of these securities
- Investors trading in these securities should be aware of enhanced surveillance status
- Brokers must ensure appropriate risk disclosures to clients trading these securities
- Additional margin requirements may apply
Important Dates
- Effective Date: November 21, 2025
- All changes to ESM classification take effect from this date
Impact Assessment
Market Impact: Medium - The addition of 6 securities to ESM indicates heightened regulatory scrutiny on these stocks due to unusual price or volume patterns. This typically results in reduced liquidity and increased trading costs.
Investor Impact: Investors holding or trading these securities should exercise increased caution. ESM classification often leads to:
- Reduced trading volumes
- Wider bid-ask spreads
- Potential migration to trade-for-trade segment
- Higher margin requirements
Operational Impact: The movement of Synthiko Foils Ltd to a higher ESM stage suggests continued concerns about the security’s trading pattern, warranting additional caution from market participants.
Impact Justification
Affects specific securities under enhanced surveillance with trading restrictions; limited to 7 securities but important for investors holding these stocks