Description

Fine-Line Circuits Ltd. (Security Code: 517264) is being moved to GSM Stage I under the Graded Surveillance Measure framework.

Summary

BSE has announced that Fine-Line Circuits Ltd. (Security Code: 517264, ISIN: INE087E01011) will be moved to GSM Stage I under the Graded Surveillance Measure framework. This circular identifies securities transitioning into their respective GSM stages as part of BSE’s ongoing surveillance mechanism.

Key Points

  • Fine-Line Circuits Ltd. (Security Code: 517264) is moving to GSM Stage I
  • ISIN: INE087E01011
  • Only one security is affected in this circular
  • 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

This circular implements BSE’s Graded Surveillance Measure (GSM) framework, which is designed to enhance market integrity by placing securities under increased surveillance based on specific criteria. Movement to GSM Stage I represents the initial level of enhanced surveillance.

Compliance Requirements

  • Trading members and investors should be aware of the GSM Stage I classification for Fine-Line Circuits Ltd.
  • Enhanced surveillance measures will apply to trading in this security
  • Market participants should review BSE’s GSM framework guidelines for specific trading restrictions or requirements applicable to Stage I securities

Important Dates

  • Circular Date: December 24, 2025
  • The security will move to GSM Stage I as per BSE’s surveillance schedule

Impact Assessment

The movement of Fine-Line Circuits Ltd. to GSM Stage I indicates that the security has triggered surveillance criteria. This classification may result in:

  • Increased monitoring of trading activity
  • Potential trading restrictions or additional margin requirements
  • Heightened awareness among investors regarding the security’s risk profile
  • Possible impact on liquidity and trading volumes

Investors holding or considering positions in Fine-Line Circuits Ltd. should exercise caution and review the specific implications of GSM Stage I classification on their trading strategies.

Impact Justification

Movement to GSM Stage I indicates increased surveillance on the security, which may impact trading activity and investor sentiment for Fine-Line Circuits Ltd.