Description

BSE announces securities shortlisted for Long Term Additional Surveillance Measure framework effective August 6, 2025.

Summary

BSE has released the list of securities subject to Long Term Additional Surveillance Measure (LT-ASM) framework effective August 6, 2025. Two securities have been newly shortlisted: Avi Products India Ltd and Mehai Technology Ltd. No securities are moving between ASM stages or exiting the framework.

Key Points

  • Two new securities added to LT-ASM framework: Avi Products India Ltd (523896) and Mehai Technology Ltd (540730)
  • No securities moving to higher or lower ASM stages
  • No securities moving out of LT-ASM framework
  • Consolidated list shows multiple securities across different ASM stages (Stage I primarily)
  • Framework includes provisions for T+0 scrips and various exit criteria

Regulatory Changes

  • Implementation of LT-ASM framework for identified securities
  • Enhanced surveillance measures for securities showing irregular price movements or other concerns
  • Securities may move between different ASM stages based on performance
  • Exit provisions for securities meeting criteria for Trade for Trade, GSM, ESM, or IBC frameworks

Compliance Requirements

  • Trading members must comply with enhanced surveillance requirements for listed securities
  • Increased margin requirements and position limits may apply
  • Enhanced disclosure and monitoring obligations for affected securities
  • Compliance with specific trading restrictions as applicable to ASM framework

Important Dates

  • Effective Date: August 6, 2025 - New LT-ASM framework implementation
  • All changes to surveillance measures become applicable from this date

Impact Assessment

  • Market Impact: Limited as only two new securities added to surveillance framework
  • Trading Impact: Enhanced surveillance may reduce speculative trading in affected securities
  • Investor Impact: Increased margin requirements and position monitoring for investors in these securities
  • Operational Impact: Trading members need to update systems and processes for surveillance compliance

Impact Justification

Affects specific securities with enhanced surveillance measures but limited number of stocks involved