Description

BSE updates on securities moving in and out of Short Term Additional Surveillance Measure framework effective August 11, 2025.

Summary

BSE has issued updates regarding the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 11, 2025. The circular details securities being newly included in ST-ASM, those moving out of the framework, and consolidated listings of all securities under various ST-ASM stages.

Key Points

  • 2 new securities added to Short Term 5/15/30 Days ASM Framework
  • 9 securities moving out of ST-ASM framework due to inclusion in other surveillance measures
  • No securities moving to higher or lower ASM stages within ST-ASM framework
  • Consolidated list includes 14+ securities across different ST-ASM stages
  • Special markings indicate SME scrips (@) and reasons for framework changes

Regulatory Changes

  • Implementation of Short Term ASM framework changes effective August 11, 2025
  • Securities transition between different surveillance frameworks (LT-ASM, Trade for Trade, GSM, ESM, Pledge)
  • Stage-wise classification system for ST-ASM securities

Compliance Requirements

  • Market participants must comply with ST-ASM trading restrictions for listed securities
  • Enhanced surveillance measures apply to specified securities
  • Separate treatment for SME scrips under ST-ASM framework

Important Dates

  • August 11, 2025: Effective date for all ST-ASM framework changes

Impact Assessment

New Inclusions: Clinitech Laboratory Ltd and Patels Airtemp India Ltd face enhanced surveillance measures which may impact trading liquidity and investor participation.

Framework Exits: 9 securities moving out of ST-ASM into other surveillance frameworks (LT-ASM, Trade for Trade, GSM, ESM) will experience different trading restrictions and compliance requirements.

Market Operations: Changes affect trading patterns, margin requirements, and settlement procedures for the specified securities, requiring broker and investor awareness of new surveillance parameters.

Impact Justification

Regular surveillance measure update affecting trading conditions for specific securities