Kairosoft AI Solutions Challenges BSE and SEBI in Delhi High Court Over Graded Surveillance Measure
Kairosoft AI Solutions Limited has filed a writ petition in the Delhi High Court against the Bombay Stock Exchange (BSE) and the Securities and Exchange Board of India (SEBI), contesting its placement under Stage IV of the Graded Surveillance Measure (GSM). The company argues that the action was taken without prior notice and violates BSE's circular on gradual implementation. The hearing is scheduled for April 16, 2025, with potential implications for market practices and surveillance measure implementation.