Description
BSE announces securities shortlisted for ST-ASM framework and those moving out, effective August 5, 2025.
Summary
BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 5, 2025. The circular identifies 4 securities newly shortlisted for ST-ASM Stage I, while 7 securities are moving out of the framework. No securities are moving between ASM stages.
Key Points
- 4 securities newly shortlisted for ST-ASM Stage I framework
- 7 securities moving out of ST-ASM framework
- No securities moving to higher or lower ASM stages
- Framework includes 5/15/30 days surveillance periods
- SME scrips specifically marked in the listings
Regulatory Changes
Implementation of updated ST-ASM framework with revised security listings. Securities moving out are due to inclusion in other frameworks including LT-ASM, Trade for Trade, GSM, Pledge, and ESM frameworks.
Compliance Requirements
- Trading members must comply with ST-ASM framework requirements for listed securities
- Enhanced surveillance monitoring for securities in Stage I
- Adherence to specific trading restrictions for ASM securities
Important Dates
- Effective Date: August 5, 2025 - ST-ASM framework changes take effect
Impact Assessment
Limited impact affecting specific securities under surveillance. Securities newly included will face enhanced monitoring and potential trading restrictions. Securities moving out will be subject to alternative surveillance frameworks. Market participants should adjust trading strategies for affected securities accordingly.
Impact Justification
Affects specific securities under surveillance framework but limited to identified companies