Description
BSE updates securities subject to Long Term Additional Surveillance Measures with companies moving in, out, and between stages effective August 11, 2025.
Summary
BSE has updated the list of securities subject to Long Term Additional Surveillance Measure (LT-ASM) effective August 11, 2025. The circular details companies being newly included, moved between stages, and removed from the surveillance framework.
Key Points
- 4 securities newly added to LT-ASM framework
- 1 security moved to higher ASM Stage II
- 2 securities moved to lower ASM Stage II
- 6 securities removed from LT-ASM framework
- Changes effective from August 11, 2025
- No securities moved to Direct Stage IV
Regulatory Changes
New Additions to LT-ASM:
- Incon Engineers Ltd (531594)
- Krishna Capital and Securities Ltd (539384)
- Northlink Fiscal and Capital Services Ltd (539110)
- Spice Islands Industries Ltd (526827)
Stage Movements:
- Marg Techno Projects Ltd moved to higher Stage II
- Ashika Credit Capital Ltd and Vadilal Enterprises Ltd moved to lower Stage II
Removals from LT-ASM:
- 3 securities moved to Trade for Trade framework
- 3 securities removed for other reasons
Compliance Requirements
- Securities under LT-ASM face enhanced surveillance measures
- Trading restrictions and monitoring apply to listed securities
- Investors should be aware of surveillance status before trading
- Brokers must ensure compliance with surveillance requirements
Important Dates
- Effective Date: August 11, 2025
- All changes to surveillance framework take effect from this date
Impact Assessment
The surveillance measures aim to protect investor interests by monitoring securities with unusual price movements or trading patterns. Companies under LT-ASM face stricter oversight and potential trading restrictions, which may affect liquidity and investor participation in these securities.
Impact Justification
Affects trading conditions for multiple securities under surveillance framework