BSE13 Aug 2026noticePrepared by Complied AI

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

BSE notice 20260814-41 · 13 Aug 2026

BSE Ltd. moves specific securities to higher Graded Surveillance Measure (GSM) stages. This change applies to trading members. The new stages take effect on August 17, 2026. Trading members must apply surveillance actions based on the assigned GSM stage. These actions include 100% margin rates, trade-to-trade settlement, price band restrictions, and Additional Surveillance Deposit (ASD) requirements. Trading members must take precautions during trading because the exchange prohibits netting off for these securities. Members may refer to the official GSM framework or contact the surveillance department for further clarification.

Official record

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Summary

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What changed

Who is affected: Trading members of the exchange
Required action: Apply surveillance actions including margin rates, trade-to-trade settlement, and ASD collection as per the assigned GSM stage.
Take adequate precautions while trading in the specified securities.
Key dates: Effective date for GSM stage movement — 16 Aug 2026
Consequences: Settlement occurs on a trade-to-trade basis with no netting off allowed.

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Source details

Source: BSE Ltd (Bombay Stock Exchange)
Type: notice
Published by source: 13 Aug 2026
Document number: 20260814-41
Issuing division: DOSS
Effective date: 16 Aug 2026
Coverage area: securities

Document text

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NOTICE


Notice No.	20260814-41
Notice Date	14 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 August 17, 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

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