NSE announces periodic review results with 7 securities moving to lower GSM stages effective February 09, 2026, including series changes for 3 securities from BE to EQ.
Impact
Medium
Severity
Medium
Justification
Positive development for 7 securities with reduced surveillance measures, indicating improved compliance or risk profile. Includes series upgrades for 3 stocks from BE to EQ, enhancing trading eligibility.
NSE announces list of 323 securities subject to Reversal Trade Mechanism (RTCM) effective February 2026.
Impact
Medium
Severity
Medium
Justification
RTCM is a surveillance measure affecting 323 securities with enhanced monitoring and potential trading reversals to manage market risk and protect investors from abnormal price movements.
SADBHAV ENGINEERING LIMITED to be moved to Stage II of GSM with Trade for Trade settlement and 50% Additional Surveillance Deposit effective December 24, 2025.
Impact
High
Severity
High
Justification
Movement to Stage II GSM significantly restricts trading with Trade for Trade settlement, 50% ASD requirement, and 5% price band, directly impacting liquidity and trading operations for SADBHAV ENGINEERING LIMITED.
BSE announces movement of 5 securities across different GSM stages, including Tejassvi Aaharam Ltd moving to Stage 0, Sadbhav Engineering Ltd to Stage I, and others to higher surveillance stages.
Impact
Medium
Severity
Medium
Justification
Affects trading conditions for 5 securities under GSM framework with varying surveillance stages; one security moving to lower stage due to ESM inclusion
NSE moves Sadbhav Engineering Limited to Stage I of GSM with 100% margin requirement and 5% price band effective December 23, 2025.
Impact
High
Severity
High
Justification
Movement to GSM Stage I significantly restricts trading with 100% margin and 5% price band, indicating heightened surveillance concerns for the security
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.
BSE announces changes to Enhanced Surveillance Measure framework including 5 securities entering ESM, 2 moving to higher stages, 22 moving to lower stages, and 20 securities exiting ESM effective December 1, 2025.
Impact
Medium
Severity
Medium
Justification
Affects trading conditions for 49 securities through ESM framework changes. Securities in ESM face additional surveillance including price bands, trade-for-trade settlement, and increased margin requirements, impacting liquidity and trading activity.
BSE updates Enhanced Surveillance Measure framework with 5 new securities added, 2 moving to higher stages, 22 moving to lower stages, and 20 securities exiting ESM effective December 1, 2025.
Impact
Medium
Severity
Medium
Justification
Regular ESM framework update affecting 49 securities across various stages. Moderate impact on affected securities' trading with restrictions. Important for investors and traders in listed securities.