Description
BSE announces securities shortlisted for Short Term ASM framework and consolidated list of securities under ST-ASM stages effective July 29, 2025.
Summary
BSE announces the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework effective July 29, 2025. Four new securities are shortlisted for ST-ASM including Angel Fibers Ltd, Cryogenic Ogs Ltd, Panth Infinity Ltd, and Sharda Cropchem Ltd. The circular provides consolidated list of all securities under different ST-ASM stages.
Key Points
- 4 new securities shortlisted for Short Term 5/15/30 Days ASM Framework
- No securities moving to higher or lower ASM stages
- No securities moving out of ST-ASM Framework
- Consolidated list shows 21+ securities under Stage I ST-ASM
- SME scrips marked with @ symbol
- T+0 scrips marked with ~ symbol
Regulatory Changes
- Implementation of Short Term ASM framework for newly identified securities
- Securities subject to additional surveillance measures during trading
- Framework includes 5/15/30 days monitoring periods
- Stage-wise classification system for surveillance intensity
Compliance Requirements
- Trading members must comply with ST-ASM framework requirements
- Enhanced monitoring and reporting for listed securities
- Adherence to surveillance measure protocols
- Special attention required for SME and T+0 scrips
Important Dates
- Effective Date: July 29, 2025 - ST-ASM framework implementation for newly shortlisted securities
Impact Assessment
- Trading restrictions and enhanced surveillance for affected securities
- Potential impact on liquidity and trading volumes
- Increased compliance burden for market participants
- Risk mitigation through enhanced monitoring of volatile securities
- No immediate market disruption as no securities moving out of framework
Impact Justification
Affects trading in multiple securities through surveillance measures but is routine regulatory action