Description

Three securities have been moved to different GSM stages: Mediaone Global Entertainment and Bcl Enterprises Limited moved to Stage I, while Lynx Machinery & Commercials Limited moved to Stage IV.

Summary

BSE has issued an update on securities moving between different stages of the Graded Surveillance Measure (GSM) Framework. Three securities are being moved: two securities (Mediaone Global Entertainment and Bcl Enterprises Limited) are moving to GSM Stage I, while one security (Lynx Machinery & Commercials Limited) is moving to GSM Stage IV.

Key Points

  • Total of 3 securities affected by GSM stage changes
  • Mediaone Global Entertainment (Security Code: 503685, ISIN: INE828I01019) - moved to GSM Stage I
  • Bcl Enterprises Limited (Security Code: 539621, ISIN: INE368E01023) - moved to GSM Stage I
  • Lynx Machinery & Commercials Limited (Security Code: 505320, ISIN: INE732D01014) - moved to GSM Stage IV
  • Securities marked with (#) can move to lower GSM stages if included in ESM Framework
  • Securities marked with ($) can move to lower GSM stages if included in IBC Framework

Regulatory Changes

No regulatory framework changes. This circular implements existing GSM Framework provisions for moving securities between surveillance stages based on market conditions and trading patterns.

Compliance Requirements

  • Market participants must be aware of the GSM stage applicable to these securities
  • Trading in these securities will be subject to restrictions applicable to their respective GSM stages
  • Higher GSM stages (Stage IV) typically involve stricter trading restrictions compared to lower stages (Stage I)

Important Dates

  • Circular Date: December 31, 2025
  • Effective date for GSM stage changes not explicitly mentioned in the circular

Impact Assessment

Trading Impact: Securities in higher GSM stages face additional surveillance measures including potential price bands, trade-for-trade settlement, and additional margin requirements. Lynx Machinery moving to Stage IV will face more stringent restrictions, while Mediaone Global Entertainment and Bcl Enterprises moving to Stage I will have relatively lighter surveillance measures.

Investor Impact: Investors holding or trading these securities should be aware of the applicable GSM stage restrictions which may affect liquidity and trading flexibility.

Market Impact: Limited overall market impact as only 3 securities are affected, though individual stock liquidity may be impacted based on the applicable GSM stage restrictions.

Impact Justification

Movement of securities between GSM stages affects trading restrictions and surveillance levels for the impacted stocks, with Stage IV representing higher surveillance than Stage I