Description

BSE updates the list of securities under Long Term Additional Surveillance Measure framework with new additions and removals effective July 31, 2025.

Summary

BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective July 31, 2025. The circular includes new securities being added to the framework, existing securities moving between ASM stages, and one security moving out of the framework.

Key Points

  • 5 new securities added to Long Term ASM Framework
  • 1 security (Esha Media Research Ltd) moved to higher ASM Stage II
  • 1 security (Times Guaranty Ltd) removed from framework due to ESM inclusion
  • Consolidated list shows securities across different ASM stages
  • Framework applies enhanced surveillance measures to selected securities

Regulatory Changes

  • Updated LT-ASM framework with revised security classifications
  • Securities moved between different surveillance stages based on performance criteria
  • Integration with other surveillance frameworks (ESM, GSM, IBC, Trade for Trade)

Compliance Requirements

  • Trading members must comply with enhanced surveillance requirements for listed securities
  • Securities in LT-ASM framework subject to additional monitoring and reporting
  • Compliance with stage-specific ASM requirements for affected securities

Important Dates

  • July 31, 2025: Effective date for all LT-ASM framework changes
  • All additions, removals, and stage changes become applicable from this date

Impact Assessment

New Additions (5 securities):

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

Stage Movement:

  • Esha Media Research Ltd moved to ASM Stage II (increased surveillance)

Framework Exit:

  • Times Guaranty Ltd moved out due to ESM Framework inclusion

The changes affect trading conditions, margin requirements, and surveillance intensity for the specified securities, impacting investors and trading members dealing with these stocks.

Impact Justification

Affects trading conditions for multiple securities under surveillance framework