BSE17 Aug 2026noticePrepared by Complied AI

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

BSE notice 20260818-31 · 17 Aug 2026

BSE moves specific securities to higher Graded Surveillance Measure (GSM) stages. This change applies to trading members. The new stages take effect on August 19, 2026. Each stage imposes specific surveillance actions. These actions include margin requirements, price bands, and Additional Surveillance Deposit (ASD) obligations. Trading members must perform trades on a trade-to-trade basis for these securities. The exchange prohibits netting off for these transactions. Members must take precautions when they trade in these securities. Members may refer to the FAQ on the BSE website or contact the surveillance department for clarifications.

Official record

Open source page

Summary

Check the official record

What changed

Who is affected: Trading members
Required action: 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: Effective date for movement to higher GSM stages — 18 Aug 2026
Thresholds: Stage I: 100% margin rate and 5% price band.
Stage II: Trade for trade, 5% price band, and 50% ASD.
Stage III: Trade for trade, 5% price band, weekly trading, and 100% ASD.
Stage IV: Trade for trade, 5% price band, weekly trading, 100% ASD, and no upward movement.
Consequences: Settlement occurs on a trade-to-trade basis with no netting off allowed.

Prepared automatically from the captured official document and checked against source evidence. This is not an independent professional review. See how briefs are prepared. Verify material decisions against the official record.

Source details

Source: BSE Ltd (Bombay Stock Exchange)
Type: notice
Published by source: 17 Aug 2026
Document number: 20260818-31
Issuing division: DOSS
Effective date: 18 Aug 2026
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

Verify official record

[Image omitted. See the official document.]

NOTICE

Notice No.	20260818-31
Notice Date	18 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 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.

Research the source law

Find the provision behind this update.

No high-confidence provision match was found. Browse the law library, choose the affected provision and ask against the exact statutory text.

Browse source laws