Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages · 20260518-30
BSE notice 20260518-30 · 18 May 2026
Official record
Open source pageSummary
Check the official recordBSE notice 20260518-30 · 18 May 2026
Official record
Open source pageSummary
Check the official recordBSE moves specific securities to higher Graded Surveillance Measure (GSM) stages. This action applies to trading members. The change takes effect on May 19, 2026. Securities in these stages attract specific surveillance actions. These actions include margin requirements, price bands, and Additional Surveillance Deposit (ASD) obligations. Trading members must take precautions when they trade these securities. Settlement occurs on a trade-to-trade basis. The exchange prohibits netting off for these transactions. Members must review the attached Annexure for the list of affected securities.
What you must do
Key dates
Who is affected
Thresholds
If you do not comply
[Image omitted. See the official document.]
NOTICE
| Notice No. | 20260518-30 |
|---|---|
| Notice Date | 18 May 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages |
| Attachments | Annexure_GSM |
[Image omitted. See the official document.]
With reference to the Exchange notice no. 20170223-44 dated February 23, 2017, Exchange notice no. 20170303-29 dated March 03, 2017, Exchange notice no. 20180720-55 dated July 20, 2018, Exchange notice no. 20191129-23 dated November 29, 2019 and Exchange notice no. 20231117-63 dated November 17, 2023 trading members are hereby requested to note that the securities as per attached Annexure shall be moved to their respective higher stages of GSM with effect from May 19, 2026 and shall attract following surveillance actions as per the provisions of GSM Framework published on February 23, 2017.
| Stage | Surveillance Actions |
|---|---|
| I | Applicable margin rate shall be 100% And price band of 5% or lower as applicable |
| II | Trade for trade with price band of 5% or lower as applicable and Additional Surveillance Deposit (ASD) of 50% of trade value to be deposited by the Buyers |
| III | Trade for trade with price band of 5% or lower as applicable and Trading permitted once a week (Every Monday/1st trading day of the week) And ASD (100% of trade value) to be deposited by the buyers |
| IV | Trade for trade with price band of 5% or lower as applicable and Trading permitted once a week (Every Monday/1st trading day of the week) And ASD (100% of trade value) to be deposited by the buyers with no upward movement. |
Further, trading members are requested to take adequate precautions while trading in the said securities, as the settlement shall be done on trade-to-trade basis and no netting off shall be allowed.
In case of any clarifications, members are requested to refer the FAQ as per the below link on GSM or may write to us at bse.surv@bseindia.com.
http://www.bseindia.com/markets/equity/EQReports/graded_surveil_measure.aspx?expandable=6
For & On behalf of BSE Ltd.
Sanjay Jain
Deputy Vice President
Surveillance
Arpita Joshi
Manager
Surveillance