Enhanced Surveillance Measure
BSE notice 20260827-29 · 27 Aug 2026
Official title
Enhanced Surveillance Measure (ESM)
Official record
Open source pageSummary
Check the official recordWhat changed
BSE updates the list of securities under the Enhanced Surveillance Measure (ESM) framework. Certain securities move to lower stages or exit the framework effective August 28, 2026. New securities entering the framework attract a 100% margin requirement on open and new positions starting August 31, 2026. These securities also shift from the Rolling Settlement segment to the Trade-for-Trade segment on the same date. Securities moving to Stage II face a 2% price band and Periodic Call Auction requirements effective August 28, 2026. The exchange reviews these measures periodically. This framework operates alongside other existing surveillance measures. The shortlisting of securities results from market surveillance and does not indicate adverse action against the company.
What you must do
- Apply 100% margin on open positions as of August 28, 2026, and new positions from August 31, 2026, for newly included securities.
- Transition securities qualifying under ESM from Rolling Settlement to Trade-for-Trade segment effective August 31, 2026.
Document text
[Image omitted. See the official document.]
NOTICE
| Notice No. | 20260827-29 |
|---|---|
| Notice Date | 27 Aug 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | Enhanced Surveillance Measure (ESM) |
| Attachments | Annexure_ESM |
[Image omitted. See the official document.]
This is with reference to the Exchange notice no. 20230602-44 dated June 02, 2023, notice no.20230718-46 dated July 18, 2023, notice no. 20240809-42 dated August 09, 2024, notice no. 20240920-63 dated September 20,2024, notice no. 20241004-65 dated October 04, 2024 and notice no. 20250725-61 dated July 25, 2025 in respect of Enhanced Surveillance Measures (ESM).
Members are hereby requested to note the following:
The securities as per attached Annexure I have satisfied the criteria for inclusion under aforesaid measure and shall attract minimum 100% margin w.e.f. August 31, 2026 on all open positions as on August 28, 2026 and new positions created from August 31, 2026.
List of securities which shall continue in Enhanced Surveillance Measure (ESM) framework but shall be moved to lower Stage i.e. Stage I under ESM Framework w.e.f. August 28, 2026 included in Annexure I.
A consolidated list of securities under the framework is given in Annexure III.
Securities qualifying under ESM shall be shifted from Rolling Settlement segment to Trade-for-Trade segment w.e.f. August 31, 2026.
Additionally, securities shifting to Stage II shall be under Trade for Trade with price band of 2% and with Periodic Call Auction w.e.f. August 28, 2026.
Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. The list of securities which are moving out from ESM Framework, w.e.f. August 28, 2026 is given in Annexure II.
Market participants may note that ESM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.
Further, it may also be noted that the shortlisting of securities under ESM is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company / entity.
The Price Band of a scrip moving out of the framework shall be reinstated to the Price Band applicable to that scrip before it got shortlisted under the respective framework. This will be subject to the scrip not being shortlisted or part of any other Surveillance measure, in which case, the price band of the relevant surveillance framework will prevail.
In case of any clarifications, members may write to us at bse.surv@bseindia.com
For & On behalf of BSE Ltd.
| Sanjay Jain | Arpita Joshi |
|---|---|
| Deputy Vice President | Manager |
| Surveillance | Surveillance |
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 27 Aug 2026
- Document number
- 20260827-29
- Issuing division
- DOSS
- Effective date
- 28 Aug 2026
- Coverage area
- securities