Description

BSE announces securities moving into, within, and out of Long Term Additional Surveillance Measure framework effective July 31, 2025.

Summary

BSE has announced updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective July 31, 2025. The circular identifies securities being newly included in LT-ASM, those moving between ASM stages, securities exiting the framework, and provides a consolidated list of all securities under various ASM stages.

Key Points

  • 5 securities newly shortlisted for Long Term ASM Framework
  • 1 security (Esha Media Research Ltd) moving to higher ASM Stage II
  • 1 security (Times Guaranty Ltd) moving out of LT-ASM due to inclusion in ESM Framework
  • No securities moving to lower ASM stages or direct Stage IV
  • Consolidated list shows securities across ASM Stages I through IV

Regulatory Changes

  • Implementation of revised LT-ASM classifications effective July 31, 2025
  • Securities marked with special indicators for T+0 scrips and various framework inclusions
  • Stage-wise categorization of securities based on surveillance requirements

Compliance Requirements

  • Trading members must comply with enhanced surveillance measures for listed securities
  • Special attention required for securities moving between different ASM stages
  • Monitoring of securities marked for specific trading frameworks (ESM, GSM, IBC, Trade for Trade)

Important Dates

  • July 31, 2025: Effective date for all LT-ASM framework changes

Impact Assessment

Newly Included Securities (Stage I):

  • Befound Movement Ltd (511585)
  • Infobeans Technologies Ltd (543644)
  • Landmarc Leisure Corporation Ltd (532275)
  • Sharda Cropchem Ltd (538666)
  • Stratmont Industries Ltd (530495)

Stage Changes:

  • Esha Media Research Ltd moving to Stage II indicates increased surveillance
  • Times Guaranty Ltd exiting LT-ASM due to ESM Framework inclusion

These measures aim to enhance market integrity through additional monitoring and surveillance of securities that may pose higher risks to market stability.

Impact Justification

Affects multiple securities with enhanced surveillance measures that impact trading conditions