Description

BSE updates Short Term Additional Surveillance Measure framework with new securities additions, removals, and stage changes effective August 4, 2025.

Summary

BSE has updated its Short Term Additional Surveillance Measure (ST-ASM) framework effective August 4, 2025. The circular adds 4 new securities to the ST-ASM framework, removes 10 securities from the framework, and provides a consolidated list of securities currently under various ASM stages.

Key Points

  • 4 securities newly added to Short Term 5/15/30 Days ASM Framework
  • 10 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages
  • Consolidated list shows securities across different ASM stages (Stage I mentioned)
  • Framework includes special markings for SME scrips (@) and T+0 scrips (~)

Regulatory Changes

  • Implementation of Short Term ASM framework updates
  • Securities classification based on risk assessment criteria
  • Integration with other surveillance frameworks (LT-ASM, Trade for Trade, GSM, Pledge, ESM)

Compliance Requirements

  • Market participants must be aware of securities under ST-ASM framework
  • Trading restrictions and enhanced surveillance measures apply to listed securities
  • Special attention required for SME and T+0 securities with specific markings

Important Dates

  • Effective Date: August 4, 2025 - ST-ASM framework changes become effective

Impact Assessment

Securities Added to ST-ASM (4 securities):

  • Golden Legand Leasing & Finance Ltd
  • Panchsheel Organics Ltd
  • Rajkot Investment Trust Ltd
  • Zuari Agro Chemicals Ltd

Securities Removed from ST-ASM (10 securities):

  • Athena Constructions Ltd (SME)
  • Gabriel India Ltd
  • Julien Agro Infratech Ltd
  • M.K. Exim (India) Ltd
  • Manaksia Aluminium Company Ltd
  • Mercantile Ventures Ltd
  • Ortin Global Ltd (moved to LT-ASM)
  • Rossell Techsys Ltd
  • Shanti Educational Initiatives Ltd
  • Suryo Foods & Industries Ltd

The framework ensures enhanced monitoring of securities showing unusual price and volume movements, protecting investor interests while maintaining market integrity.

Impact Justification

Affects trading conditions for multiple securities through surveillance framework changes, impacting market participants and liquidity