BSE11 Aug 2026noticePrepared by Complied AI

Graded Surveillance Measure List of Securities

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 (GSM) stages. This action applies to trading members. The changes take effect on August 13, 2026. Securities in Stage I attract a 100 percent margin rate and a 5 percent price band. Securities in Stage II require trade-to-trade settlement and a 50 percent Additional Surveillance Deposit (ASD) from buyers. Securities in Stage III and Stage IV require trade-to-trade settlement, a 100 percent ASD from buyers, and limit trading to once per week. Trading members must take precautions because the exchange prohibits netting off for these securities. Members may refer to the GSM FAQ or contact the exchange for clarifications.

Who is affected: Trading members of the BSE
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 — 12 Aug 2026
Thresholds: Stage I: 100 percent margin rate and 5 percent price band.
Stage II: 50 percent Additional Surveillance Deposit.
Stage III and IV: 100 percent Additional Surveillance Deposit.
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: 11 Aug 2026
Document number: 20260812-44
Issuing division: DOSS
Effective date: 12 Aug 2026
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

Verify official record

NOTICE


Notice No.	20260812-44
Notice Date	12 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 13, 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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