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BSE has announced a downward revision of stages for specific securities under the Graded Surveillance Measure (GSM) framework. This review was conducted in coordination with other exchanges. The securities identified for movement to lower GSM stages will be subject to the revised surveillance measures effective from August 10, 2026. Trading members are advised to consult the provided annexure for the list of affected securities and refer to the exchange's FAQ page for further clarification regarding the framework.
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| Notice No. | 20260807-29 |
| Notice Date | 07 Aug 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | Graded Surveillance Measure (GSM) - Lower Revision of Stages |
| Attachments | Annexure_GSM_Lower |
[Image omitted. See the official document.]
This has reference to the Exchange notice no. 20170223-44 dated February 23, 2017 introducing Graded Surveillance Measure (GSM) Framework and Exchange notice no. 20191129-23 dated November 29, 2019 regarding update on Graded Surveillance Measure. As per the provisions of the said framework, review of stages has been carried out in coordination with the other Exchanges. The securities eligible to move to lower stages of GSM Framework w.e.f. August 10, 2026 are given in Annexure.
In case of any clarifications, members are requested to refer the FAQ as per the below link on GSM or 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
07 August 2026
