Description
BSE announces securities moving into and out of Long Term Additional Surveillance Measure framework effective July 29, 2025.
Summary
BSE has announced changes to the Long Term Additional Surveillance Measure (LT-ASM) framework effective July 29, 2025. Two securities are being newly included, one security moves to direct Stage IV, and one security is moving out of the framework.
Key Points
- 2 securities newly shortlisted for LT-ASM: Emerald Leisures Ltd and Shetron Ltd
- Arihant Foundations & Housing Ltd moved directly to Stage IV LT-ASM
- Kreon Finnancial Services Ltd moving out due to inclusion in ESM Framework
- No securities moving to higher or lower ASM stages
- Comprehensive consolidated list of all securities in LT-ASM provided
Regulatory Changes
- Implementation of Long Term Additional Surveillance Measure for identified securities
- Securities under LT-ASM subject to additional trading restrictions and monitoring
- Framework designed to curb excessive speculation and volatility
Compliance Requirements
- Trading members must ensure compliance with LT-ASM trading conditions
- Enhanced monitoring and reporting requirements for affected securities
- Adherence to specific position limits and trading parameters
Important Dates
- Effective Date: July 29, 2025 - All LT-ASM changes take effect
Impact Assessment
- New Inclusions: Emerald Leisures Ltd and Shetron Ltd will face additional trading restrictions
- Stage Movement: Arihant Foundations & Housing Ltd subject to Stage IV LT-ASM conditions
- Framework Exit: Kreon Finnancial Services Ltd moves to ESM framework with different surveillance parameters
- Market Impact: Enhanced surveillance may reduce speculative trading in affected securities
Impact Justification
Affects trading conditions for specific securities under surveillance framework