SEBI settlement order against Blue Coast Hotels Limited and Mr. Kushal Suri for failure to provision Rs. 318.95 Crore contingent liability related to space buyers refund in Aerocity Delhi project during FY19-FY22.
Impact
High
Severity
High
Justification
Major accounting violation involving Rs. 318.95 Crore undisclosed contingent liability spanning multiple financial years (FY19-FY22), resulting in settlement proceedings against the company and its promoter/whole time director.
Updates to Enhanced Surveillance Measure framework with securities being added, moved between ESM stages, and removed from ESM effective January 5, 2026.
Impact
Medium
Severity
Medium
Justification
Affects trading conditions for 41 securities through ESM framework changes. Moderate impact as it involves routine surveillance adjustments but affects multiple companies and investor trading strategies.
NSE updates the list of securities under Graded Surveillance Measure (GSM) framework, with new additions, continuations, and removals effective December 2025.
Impact
High
Severity
High
Justification
GSM framework affects trading members and investors through Additional Surveillance Deposit requirements and trading restrictions on securities with prices not commensurate with fundamentals. Multiple securities are being added to or removed from surveillance.
BSE publishes updated list of 54+ securities under Graded Surveillance Measure (GSM) framework based on Criteria 1 and/or Criteria 2, effective December 15, 2025.
Impact
High
Severity
High
Justification
Enhanced surveillance measures significantly impact trading of 54+ listed securities with additional compliance requirements, price bands, and margin requirements affecting investor access and liquidity.
List of securities subject to Reversal Trade Cancellation Mechanism (RTCM) for December 2025, covering over 300 stocks where specific trade cancellation procedures will apply.
Impact
Medium
Severity
Medium
Justification
Affects trading operations for over 300 securities with specific trade cancellation procedures. Important for traders and market participants dealing with these stocks to understand RTCM applicability.