BSE18 Aug 2026noticePrepared by Complied AI

Graded Surveillance Measure List of Securities

BSE notice 20260819-42 · 18 Aug 2026

Official title

Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages

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Summary

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What changed

BSE moves specific securities to higher Graded Surveillance Measure (GSM) stages. Trading members must apply the surveillance actions for each stage starting August 20, 2026. Stage I requires a 100 percent margin rate and a 5 percent price band. Stage II requires trade-for-trade settlement and a 50 percent Additional Surveillance Deposit (ASD) from buyers. Stage III and IV require trade-for-trade settlement, a 100 percent ASD from buyers, and trading only on the first trading day of the week. Settlement for these securities occurs on a trade-to-trade basis. No netting off is allowed for these trades. Trading members must take precautions when they trade in these securities.

Who is affected: Trading members of the exchange
Required action: Apply surveillance actions for securities moving to higher GSM stages
Take precautions while trading in the specified securities
Key dates: Effective date for GSM stage movement — 19 Aug 2026
Thresholds: Stage I margin rate of 100 percent
Stage II Additional Surveillance Deposit of 50 percent
Stage III and IV Additional Surveillance Deposit of 100 percent
Consequences: Settlement occurs on a trade-to-trade basis with no netting off

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Source details

Source: BSE Ltd (Bombay Stock Exchange)
Type: notice
Published by source: 18 Aug 2026
Document number: 20260819-42
Issuing division: DOSS
Effective date: 19 Aug 2026
Coverage area: securities

Document text

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NOTICE

Notice No.	20260819-42
Notice Date	19 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

[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 August 20, 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

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