Description

BSE updates the list of securities under Enhanced Surveillance Measure (ESM) framework effective February 05, 2026, including new additions and stage movements.

Summary

BSE has updated the Enhanced Surveillance Measure (ESM) framework effective February 05, 2026. Three new securities have been added to ESM: Dev Labtech Venture Ltd, Dhanashree Electronics Ltd, and Innovative Ideals and Services (India) Ltd. Additionally, Adinath Textiles Ltd will be moved to a higher ESM stage. The circular includes a consolidated list of 29+ securities currently under various ESM stages. No securities are moving out of the ESM framework at this time.

Key Points

  • 3 new securities shortlisted for ESM framework effective February 05, 2026
  • Dev Labtech Venture Ltd (Scrip Code: 543848, ISIN: INE0NIJ01017) - SME scrip
  • Dhanashree Electronics Ltd (Scrip Code: 542679, ISIN: INE413F01016)
  • Innovative Ideals and Services (India) Ltd (Scrip Code: 541983, ISIN: INE492Y01011) - SME scrip
  • Adinath Textiles Ltd (Scrip Code: 514113, ISIN: INE207C01019) moving to higher Stage II ESM
  • No securities moving to lower ESM stages
  • No securities exiting ESM framework
  • Consolidated list includes securities in ESM Stage I and Stage II

Regulatory Changes

The Enhanced Surveillance Measure (ESM) framework continues to identify securities with abnormal price movements or concerns. Securities under ESM are subject to additional trading restrictions and surveillance. The framework operates in stages, with higher stages indicating increased surveillance intensity.

Compliance Requirements

  • Investors and market participants must be aware of ESM status when trading these securities
  • Securities under ESM typically have additional margin requirements and trade-to-trade settlement
  • Market participants should exercise enhanced due diligence for ESM securities
  • Trading members must ensure compliance with ESM framework requirements

Important Dates

  • Effective Date: February 05, 2026 - New ESM additions and stage changes become effective

Impact Assessment

Trading Impact: Securities newly added to ESM or moved to higher stages will face stricter trading conditions including higher margin requirements and potential trade-to-trade settlement. This may reduce liquidity and increase volatility for affected stocks.

Investor Impact: Investors holding or trading these securities should be aware of enhanced surveillance status, which indicates regulatory concerns about price movements or other factors. Additional margins and trading restrictions may apply.

Market Impact: The ESM framework helps maintain market integrity by identifying and monitoring securities with unusual characteristics. The consolidated list of 29+ securities under ESM represents a small fraction of overall market but requires focused attention from regulators and investors.

Impact Justification

Affects trading conditions for multiple securities under enhanced surveillance, requiring investor awareness but impacts limited number of stocks