Description
BSE updates Short Term Additional Surveillance Measure framework with new securities and movements effective August 8, 2025.
Summary
BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 8, 2025. Five securities are being added to ST-ASM Stage I, including Franklin Industries Ltd, Incon Engineers Ltd, MFS Intercorp Ltd, and Sarda Energy & Minerals Ltd (both regular and T+0 scrips). Two securities are moving out of the ST-ASM framework - Benara Bearings and Pistons Ltd and Sainik Finance & Industries Ltd.
Key Points
- 5 securities newly shortlisted in ST-ASM Stage I framework
- 2 securities moving out of ST-ASM framework
- No securities moving to higher or lower ASM stages
- Framework includes both regular and T+0 scrips
- Consolidated list shows 18+ securities currently under ST-ASM surveillance
Regulatory Changes
- Implementation of Short Term 5/15/30 Days ASM framework updates
- Securities subject to enhanced surveillance measures and trading restrictions
- Special marking system for SME scrips (@) and T+0 scrips (~)
Compliance Requirements
- Market participants must adhere to ST-ASM trading conditions for listed securities
- Enhanced monitoring and reporting requirements for affected scrips
- Compliance with surveillance framework parameters
Important Dates
- Effective Date: August 8, 2025
- All changes to ST-ASM framework become applicable from this date
Impact Assessment
Trading Impact: Securities under ST-ASM face additional surveillance measures including potential price monitoring, volume restrictions, and enhanced disclosure requirements. The addition of new securities to Stage I surveillance indicates heightened regulatory attention to these stocks’ trading patterns. Sainik Finance’s exit from ST-ASM due to inclusion in ESM Framework suggests escalated surveillance measures.
Impact Justification
Affects trading conditions for multiple securities under surveillance framework