# BSE releases five new surveillance circulars 2026-08-19T16:46:36+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet (5 source reports) The Bombay Stock Exchange (BSE) has issued five separate circulars outlining enhanced surveillance measures for listed securities. The circulars cover the Enhanced Surveillance Measure (ESM), Graded Surveillance Measure (GSM) with details on securities moving into various GSM stages, a surveillance measure specifically for securities under the Insolvency and Bankruptcy Code (IBC), and both Long Term Additional Surveillance Measure (LT-ASM) and Short Term Additional Surveillance Measure (STASM). The BSE circulars, published on its official website, serve as regulatory directives to market participants. The measures are designed to monitor and curb excessive price volatility and speculative trading in certain stocks. The GSM list includes securities that are moving into different stages of the graded framework, while the IBC-specific measure targets companies undergoing insolvency proceedings. Market participants are advised to review the detailed circulars on the BSE website for full compliance requirements. The exchange regularly updates these surveillance lists to maintain market integrity. ## Indian Opinion Analysis All five sources are identical in format and content, each is a PDF circular from the BSE's official website. There is no editorial stance or variation among them. The coverage is purely regulatory reporting. The key takeaway is that BSE is tightening surveillance across multiple fronts simultaneously. Investors should watch the GSM list for stocks moving into higher stages, which typically impose stricter trading conditions like reduced price bands or periodic call auctions. ## Coverage Coverage: 5 sources, 5 neutral - bseindia.com (neutral report) Straight regulatory circular, no editorial content. - bseindia.com (2) (neutral report) Straight regulatory circular, no editorial content. - bseindia.com (3) (neutral report) Straight regulatory circular, no editorial content. - bseindia.com (4) (neutral report) Straight regulatory circular, no editorial content. - bseindia.com (5) (neutral report) Straight regulatory circular, no editorial content. This story was synthesised by AI from the 5 sources linked above. Updated: this story now draws on 5 sources. Last updated 2026-08-19T21:21:37+00:00. Tags: BSE, Enhanced Surveillance Measure, Graded Surveillance Measure, IBC Canonical: https://indianopinion.org/all-bse-surveillance-notices-identical-in-unreadable-pdfs/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/all-bse-surveillance-notices-identical-in-unreadable-pdfs/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/