Description

BSE announces updates to Long Term ASM framework with 4 securities entering, 24 securities exiting, and 4 securities moving to different ASM stages.

Summary

BSE has announced updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective July 28, 2025. The update includes 4 new securities entering the framework, 24 securities exiting the framework, and 4 securities being moved to different ASM stages. Many securities exiting the framework are being moved to the Trade for Trade segment.

Key Points

  • 4 securities newly shortlisted for Long Term ASM Framework
  • 24 securities moving out of Long Term ASM Framework
  • 4 securities continuing in framework but moving to different ASM stages
  • No securities moving to Direct Stage IV Long Term ASM
  • Several securities exiting due to inclusion in Trade for Trade framework

Regulatory Changes

New Entries to LT-ASM (Part A):

  • Aryan Share and Stock Brokers Ltd (542176)
  • Diana Tea Company Ltd (530959)
  • Force Motors Ltd (500033) - as per NSE
  • Remi Edelstahl Tubulars Ltd (513043)

Securities Moving to Lower ASM Stages (Part C):

  • Ashika Credit Capital Ltd - moved to Stage III
  • Banganga Paper Industries Ltd - moved to Stage I
  • Vadilal Enterprises Ltd - moved to Stage III
  • Yash Highvoltage Ltd - moved to Stage I

Compliance Requirements

  • Market participants must adjust trading strategies for securities entering LT-ASM framework
  • Enhanced surveillance measures will apply to newly included securities
  • Securities moving out of framework will have relaxed surveillance conditions
  • Trade for Trade restrictions will apply to securities marked with asterisk (*)

Important Dates

  • Effective Date: July 28, 2025
  • All changes to surveillance measures become applicable from this date

Impact Assessment

The update represents a balanced approach with equal numbers of securities entering and exiting various surveillance categories. The movement of 24 securities out of LT-ASM framework, particularly those moving to Trade for Trade segment, may improve liquidity for those stocks while maintaining necessary oversight. The addition of 4 new securities to the framework indicates continued vigilance over market quality and investor protection.

Impact Justification

Affects trading conditions for multiple securities but represents routine surveillance measure updates with balanced additions and removals