Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages
BSE notice 20260831-37 · 31 Aug 2026
Official record
Open source pageSummary
Check the official recordWhat changed
BSE moves specific securities to higher Graded Surveillance Measure (GSM) stages. This action applies to trading members. The changes take effect on September 01, 2026. Securities in these stages attract specific surveillance actions. These actions include increased margin rates, trade-to-trade settlement, and Additional Surveillance Deposit (ASD) requirements. 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 may refer to the GSM FAQ or contact the surveillance department for clarifications.
What you must do
- Trading members must take adequate precautions while trading in the specified securities.
- Buyers must deposit Additional Surveillance Deposit (ASD) for securities in Stage II, III, and IV.
Key dates
Document text
NOTICE
| Notice No. | 20260831-37 |
| Notice Date | 31 Aug 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages |
| Attachments | Annexure_GSM |
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 September 01, 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 | Arpita Joshi |
|---|---|
| Deputy Vice President | Manager |
| Surveillance | Surveillance |
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 31 Aug 2026
- Document number
- 20260831-37
- Issuing division
- DOSS
- Effective date
- 01 Sept 2026
- Coverage area
- securities