Description
Fine-Line Circuits Ltd. has been moved to GSM Stage I under the Graded Surveillance Measure framework.
Summary
BSE has issued a circular regarding securities moving into their respective Graded Surveillance Measure (GSM) stages. Fine-Line Circuits Ltd. (Security Code: 517264, ISIN: INE087E01011) has been moved to GSM Stage I effective from the date of this circular.
Key Points
- Fine-Line Circuits Ltd. has been placed under GSM Stage I surveillance
- Security Code: 517264
- ISIN: INE087E01011
- Securities marked with (#) move to lower GSM stages due to inclusion in ESM Framework
- Securities marked with ($) move to lower GSM stages due to inclusion in IBC Framework
Regulatory Changes
The affected security will be subject to GSM Stage I surveillance measures, which typically include:
- Enhanced monitoring of trading activities
- Possible restrictions on trading such as additional margin requirements
- Periodic review for movement to higher GSM stages or removal from GSM
Compliance Requirements
Trading members and investors should:
- Be aware of the GSM classification for Fine-Line Circuits Ltd.
- Comply with any additional margin or trading requirements applicable to GSM Stage I securities
- Monitor further communications from BSE regarding changes to GSM status
Important Dates
- Effective Date: December 24, 2025
Impact Assessment
The movement of Fine-Line Circuits Ltd. to GSM Stage I may result in:
- Reduced liquidity due to increased surveillance and potential trading restrictions
- Higher margins for trading in this security
- Increased caution among investors and traders
- Potential price volatility as market participants adjust to the new surveillance status
Impact Justification
Movement to GSM Stage I indicates increased surveillance and potential trading restrictions for the affected security, impacting investors and traders of Fine-Line Circuits Ltd.