What is the BSE ESM list?

It is the list of BSE-listed stocks under the Enhanced Surveillance Measure, a framework NSE and BSE apply to some small companies, in Stage 1 and the stricter Stage 2. This page lists them by symbol, company and stage, from BSE's own daily files.

How often is the BSE ESM list updated?

The exchanges review ESM every week and publish their files every trading day. This page is rewritten every weekday night, after BSE's files for the day are out; the date above the list says which day it shows.

Is a company on both the NSE and BSE ESM lists?

A company listed on both exchanges usually appears on both lists, and its stage can differ between them: NSE and BSE keep separate lists. The NSE and BSE ESM list on this site shows both, one row per exchange.

When does a stock leave the BSE ESM list?

At a weekly review, once it has spent at least 90 calendar days in ESM and no longer meets the Stage 1 tests. A Stage 2 stock first moves back to Stage 1. The exchange decides every exit; ESM exit rules explains how.

BSE ESM list today

Last reviewed 13 October 2026 · by Rachid Asen

Every BSE-listed stock under the Enhanced Surveillance Measure (ESM) today, Stage 1 and Stage 2, by symbol and company, from BSE's own daily files. Both exchanges together: the NSE and BSE ESM list. NSE only: the NSE ESM list.

Current BSE ESM stocks

The list is written from BSE's files each weekday night. If it does not appear, see the NSE and BSE ESM list.

Where the BSE ESM list comes from

BSE's daily regulatory-indicator file (REG_IND) has the same ESM column as NSE's, and BSE's daily ESM notices list entries and stage moves (Annexure I) and exits (Annexure II).

Understanding the list

What is ESM? Who can be put under ESM, what changes for the stock, and who decides.
ESM Stage 1 and ESM Stage 2: the tests for each stage and the trading limits that follow.
ESM exit rules: the weekly review and the 90-day minimum before a stock can leave ESM.

Frequently asked questions

What is the BSE ESM list?: It is the list of BSE-listed stocks under the Enhanced Surveillance Measure, a framework NSE and BSE apply to some small companies, in Stage 1 and the stricter Stage 2. This page lists them by symbol, company and stage, from BSE's own daily files.
How often is the BSE ESM list updated?: The exchanges review ESM every week and publish their files every trading day. This page is rewritten every weekday night, after BSE's files for the day are out; the date above the list says which day it shows.
Is a company on both the NSE and BSE ESM lists?: A company listed on both exchanges usually appears on both lists, and its stage can differ between them: NSE and BSE keep separate lists. The NSE and BSE ESM list on this site shows both, one row per exchange.
When does a stock leave the BSE ESM list?: At a weekly review, once it has spent at least 90 calendar days in ESM and no longer meets the Stage 1 tests. A Stage 2 stock first moves back to Stage 1. The exchange decides every exit; ESM exit rules explains how.

Sources

NSE: FAQs – Enhanced Surveillance Measure (ESM), version 1.1, 25 July 2025 (circular NSE/SURV/69315): eligibility, Stage 1 and Stage 2 criteria, review and exit.
NSE's daily regulatory-indicator file (REG_IND), whose ESM column is 1 (Stage 1), 2 (Stage 2) or 100 (not in ESM).
BSE's daily “Enhanced Surveillance Measure (ESM)” notices (Annexure I: entries and stage moves; Annexure II: exits) and the REG_IND file in BSE's scrip archive.

Exchange circulars change. Where this page and the current circular differ, the circular applies.

More ESM and ASM guides

What is ESM?Who can be put under ESM on NSE and BSE, what changes for the stock, and who decides.
ESM Stage 1The price-variation tests that put a stock in Stage 1 and the trading limits that follow.
ESM Stage 2When a Stage 1 stock moves to the stricter Stage 2, and when it can move back.
ESM exit rulesThe weekly review, the 90-day minimum and why a Stage 2 stock exits in two steps.
What is ASM?What ASM is, its long-term and short-term frameworks, the typical measures and who decides.
Long-term ASM (LT-ASM)The four long-term stages, what each one changes, and the 90-day stage-wise exit.
Short-term ASM (ST-ASM)The two short-term stages, their margins and the 5 or 15 trading-day review.
ASM vs ESM vs GSMWhat triggers each measure, its stages and typical limits, side by side.

Not investment advice. This page explains the exchanges' published rules for education only. It does not recommend buying, selling or holding any security. Inclusion, stage changes and exit are decided solely by NSE and BSE.