Description
BSE updates Long Term ASM framework with securities moving in, out, and between stages effective August 4, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 4, 2025. The circular details securities being added to LT-ASM, moved between different ASM stages, and removed from the framework entirely.
Key Points
- 5 securities newly shortlisted for Long Term ASM Framework
- 6 securities moved to lower ASM stages while continuing in LT-ASM
- 13 securities moving out of Long Term ASM Framework
- No securities moved to higher ASM stages or direct stage IV
- Changes effective from August 4, 2025
Securities Added to LT-ASM (Part A)
- B-Right Realestate Ltd (543543)
- Cospower Engineering Ltd (543172)
- Ortin Global Ltd (539287)
- Retina Paints Ltd (543902)
- Stallion India Fluorochemicals Ltd (544342)
Securities Moved to Lower ASM Stages (Part C)
- Associated Ceramics Ltd - moved to ASM Stage 1
- JSW Holdings Limited - moved to ASM Stage 3
- Kitex Garments Ltd - moved to ASM Stage 3
- Kkalpana Plastick Ltd - moved to ASM Stage 1
- RDB Infrastructure And Power Ltd - moved to ASM Stage 1
Securities Exiting LT-ASM Framework (Annexure II)
13 securities including Alan Scott Industries Ltd, Auto Pins (India) Ltd, India Steel Works Ltd, and others are moving out due to inclusion in other frameworks (Trade for Trade, GSM, ESM, or IBC).
Important Dates
- Effective Date: August 4, 2025
Impact Assessment
Securities under LT-ASM face enhanced surveillance with stricter trading conditions. Companies moving to lower stages experience reduced restrictions, while new additions face increased regulatory scrutiny. The framework helps maintain market integrity by monitoring securities with unusual price movements or volumes.
Impact Justification
Affects trading conditions for multiple securities under surveillance framework