The Bombay Stock Exchange has updated its Enhanced Surveillance Measure framework effective May 14, 2026, adding five securities freshly to the ESM list, escalating one stock to a higher stage, and maintaining a consolidated list of 465 securities across both stages.
Which stocks were newly added to BSE ESM on May 14?
Five securities have been inducted into the ESM framework with effect from May 14, 2026. These are Aten Papers & Foam Limited (SME scrip, BSE code 544417), Bombay Super Hybrid Seeds Limited (544757), Chemfab Alkalis Limited (541269), Gravity India Limited (532015), and Niraj Cement Structurals Limited (532986).
Of these, Bombay Super Hybrid Seeds, Chemfab Alkalis, and Niraj Cement Structurals are also being added on the NSE simultaneously — reflecting cross-exchange surveillance coordination. Gravity India is a BSE-specific addition on May 14.
Which stock was escalated to a higher ESM stage?
Empower India Limited (BSE code 504351) has been moved from Stage I to Stage II of the ESM framework effective May 14, 2026 — matching the simultaneous escalation on NSE. No stock has been moved to a lower ESM stage, and no security has been excluded from the BSE ESM framework in this update.
How does BSE’s May 14 update compare to NSE’s?
The two exchanges have coordinated on several names — Bombay Super Hybrid Seeds, Chemfab Alkalis, Niraj Cement Structurals, and Empower India feature in both BSE and NSE ESM updates for May 14. However BSE’s consolidated list of 465 securities is significantly larger than NSE’s 258-stock list, reflecting BSE’s broader SME segment coverage — a substantial number of SME-listed companies marked with the # symbol appear exclusively on the BSE list.
What is the BSE ESM framework?
The Enhanced Surveillance Measure framework is a joint SEBI-mandated initiative by BSE and NSE to identify stocks exhibiting abnormal price or volume behaviour. Securities under ESM face tighter circuit filters, mandatory trade-to-trade settlement in certain cases, and enhanced disclosure obligations. Stage II represents a higher level of regulatory scrutiny than Stage I with correspondingly stricter trading restrictions. As of May 14, 2026, the BSE consolidated ESM list covers 465 securities across both stages.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult a registered financial advisor before making any investment decisions. Business Upturn does not hold any position in the securities mentioned.