BSE10 Aug 2026noticePrepared by Complied AI

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

Official title

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

Official record

Summary

What changed

BSE moves specific securities to higher Graded Surveillance Measure stages. This action applies to trading members. The changes take effect on August 12, 2026. Affected securities attract surveillance actions based on their assigned stage. These actions include 100 percent margin rates, trade-to-trade settlement, and Additional Surveillance Deposit requirements. Trading members must take precautions when they trade these securities. The exchange prohibits netting off for these settlements.

Who is affected: Trading members of the exchange
Required action: Trading members must take adequate precautions while trading in the specified securities.
Key dates: Effective date for movement of securities into higher GSM stages — 11 Aug 2026
Consequences: The exchange requires settlement 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: 10 Aug 2026
Document number: 20260811-40
Issuing division: DOSS
Effective date: 11 Aug 2026
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

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[Image omitted. See the official document.]

NOTICE


Notice No.	20260811-40
Notice Date	11 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 12, 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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