Description

BSE announces movement of 10 securities into various stages of the Graded Surveillance Measure (GSM) framework for enhanced monitoring.

Summary

BSE has announced the movement of 10 securities into various stages of the Graded Surveillance Measure (GSM) framework. Five securities are moving to GSM Stage I, three to Stage II, one to Stage III, and one to Stage IV. The GSM framework applies enhanced surveillance and trading restrictions to securities exhibiting unusual price movements or volatility.

Key Points

  • 10 securities are being moved into different GSM stages effective from the specified date
  • GSM Stage I: 5 securities (Softbpo Global Services, Ganon Products, Auto Pins India, Geetanjali Credit, Sailani Tours)
  • GSM Stage II: 3 securities (Aviva Industries, Nikki Global Finance, Jindal Leasefin)
  • GSM Stage III: 1 security (Futuristic Securities)
  • GSM Stage IV: 1 security (Jpt Securities)
  • Securities may move to lower GSM stages if included in ESM or IBC frameworks

Securities Moved to GSM Stage I

Security CodeISINSecurity Name
504375INE459E01012Softbpo Global Services Ltd.
512443INE162L01017Ganon Products Limited
531994INE706C01028Auto Pins (India) Ltd.
539486INE263R01010Geetanjali Credit And Capital Limited
543541INE0KHQ01010Sailani Tours N Travels Limited

Securities Moved to GSM Stage II

Security CodeISINSecurity Name
512109INE461H01011Aviva Industries Ltd.
531272INE526C01012Nikki Global Finance Ltd.
539947INE919T01013Jindal Leasefin Limited

Securities Moved to GSM Stage III

Security CodeISINSecurity Name
523113INE425D01015Futuristic Securities Ltd.

Securities Moved to GSM Stage IV

Security CodeISINSecurity Name
530985INE630C01012Jpt Securities Ltd.

Regulatory Framework

  • Securities marked (#) may move to lower GSM stages due to inclusion in Enhanced Surveillance Measure (ESM) Framework
  • Securities marked ($) may move to lower GSM stages due to inclusion in Insolvency and Bankruptcy Code (IBC) Framework
  • GSM framework is aligned with NSE guidelines

Compliance Requirements

  • Investors should be aware of enhanced surveillance measures applicable to these securities
  • Higher GSM stages typically involve additional trading restrictions such as trade-for-trade settlement, price bands, and margin requirements
  • Market participants should review GSM-specific trading conditions before executing transactions

Impact Assessment

  • Trading in these securities will be subject to enhanced surveillance and potential restrictions
  • Higher GSM stages indicate greater regulatory concern about price volatility or unusual trading patterns
  • Investors may face reduced liquidity and higher margin requirements
  • Movement to higher GSM stages serves as a cautionary signal for market participants

Impact Justification

Affects 10 securities moving into various GSM stages with enhanced surveillance and potential trading restrictions