Description
BSE updates Long Term Additional Surveillance Measure framework with securities additions, stage changes, and removals effective August 12, 2025.
Summary
BSE has announced updates to the Long Term Additional Surveillance Measure (LT-ASM) Framework effective August 12, 2025. The circular includes one new security addition to LT-ASM, one security moving to a higher ASM stage, and one security exiting the framework due to Enhanced Surveillance Measure (ESM) inclusion.
Key Points
- Decorous Investment & Trading Co Ltd (539405) newly shortlisted in LT-ASM Framework
- Aryan Share and Stock Brokers Ltd (542176) moved to ASM Stage II within LT-ASM
- Gayatri BioOrganics Ltd (524564) removed from LT-ASM due to ESM Framework inclusion
- No securities moved to lower ASM stages or direct Stage IV
- Consolidated list shows 18+ securities currently under various ASM stages
Regulatory Changes
- Implementation of updated LT-ASM Framework classifications
- Movement of securities between different surveillance stages based on market behavior
- Integration with other surveillance frameworks (ESM, GSM, IBC, Trade for Trade)
Compliance Requirements
- Listed companies under LT-ASM must comply with enhanced surveillance requirements
- Securities in higher ASM stages face stricter trading conditions
- Market participants must be aware of surveillance status changes for affected securities
Important Dates
- Effective Date: August 12, 2025 - All LT-ASM Framework changes become applicable
Impact Assessment
Market Impact: Medium - Limited number of securities affected but involves important surveillance framework changes that impact trading conditions and investor behavior. The movement between surveillance stages can affect liquidity and trading patterns for the affected securities.
Impact Justification
Affects multiple securities with trading surveillance measures but limited number of companies involved