Graded Surveillance Measure (GSM) – Updated list of companies

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NOTICE Notice No. 20260619-35 Notice Date 19 Jun 2026 Category Trading Segment Equity Department DOSS Subject Graded Surveillance Measure (GSM) – Updated list of companies Attachments Annexure_June2026 Content In continuation to Exchange notice no. 20170223-44 dated February 23, 2017 and notice no. 20231117-63 dated November 17, 2023 on introduction of Graded Surveillance Measure (GSM) framework as an additional surveillance measure and notice no. 20180720-55 dated July 20, 2018, notice no. 20180817-37 dated August 17, 2018 & notice no. 20191129-27 dated November 29, 2019 and 20231117-63 dated November 17, 2023 pursuant to joint meetings with SEBI and Stock Exchanges, it has been decided that, GSM shall be applicable on securities of which price not commensurate with financial health and fundamentals like Earnings, Book value, Fixed assets, Net worth, Market capitalization, P/E multiple, etc. Accordingly, review for identification of securities for placing in GSM Framework has been carried out and; a. Securities identified for placing in GSM Framework are given as Annexure I along with monitoring dates of these securities. b. Securities given in Annexure II shall continue to remain in GSM framework with their applicable stages. c. Securities given in Annexure III shall move out of GSM Framework w.e.f. June 23, 2026. d. ASD collected on securities given in Annexure III w.r.t. point no. c) above, shall be released w.e.f. June 29, 2026. Market participants may note that, GSM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time. Further, market participants may please note that, securities which are placed under GSM Stage VI based on SEBI direction vide Exchange notice no. 20170807-31 dated August 07, 2017, shall continue to remain in GSM Stage VI until further directions. Trading Members are advised to exercise additional due diligence while trading in these securities either on own account or on behalf of their clients. Note: Shortlisting of securities is based on the XBRL submission by the respective listed companies. In case of any clarifications, members may write to us at bse.surv@bseindia.com For & On behalf of BSE Ltd. Sanjay Jain Shreya Ghose Deputy Vice President Manager Surveillance Surveillance