Description
BSE announces changes to Long Term Additional Surveillance Measure framework with securities moving in and out of various ASM stages effective August 12, 2025.
Summary
BSE announces updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 12, 2025. The circular details securities entering LT-ASM, those moving between ASM stages, and securities exiting the framework.
Key Points
- One security (Decorous Investment & Trading Co Ltd) newly shortlisted in LT-ASM Framework
- Aryan Share and Stock Brokers Ltd moved to higher ASM Stage II
- Gayatri BioOrganics Ltd moving out of LT-ASM due to inclusion in ESM Framework
- Consolidated list shows 18+ securities across various ASM stages
- Changes effective from August 12, 2025
Regulatory Changes
- Updated LT-ASM Framework classifications
- Stage progression for existing securities under surveillance
- Integration with other surveillance frameworks (ESM, GSM, IBC, Trade for Trade)
Compliance Requirements
- Market participants must adhere to enhanced surveillance measures for listed securities
- Trading restrictions apply based on ASM stage classification
- Compliance with specific surveillance parameters for each stage
Important Dates
- August 12, 2025: All LT-ASM framework changes become effective
Impact Assessment
- Limited impact on overall market as changes affect specific securities under surveillance
- Enhanced monitoring and trading restrictions for affected securities
- Investors in listed securities should review trading conditions and surveillance measures
Impact Justification
Affects trading conditions for specific securities under surveillance measures