Description

BSE announces additions and removals of securities from Short Term Additional Surveillance Measure framework effective August 18, 2025.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework with 8 securities being added and 7 securities being removed, effective August 18, 2025. The framework applies heightened monitoring and trading restrictions to securities exhibiting unusual price movements or trading patterns.

Key Points

  • 8 securities added to ST-ASM framework including Asian Hotels (North) Ltd, CL Educate Ltd, and KRBL Ltd
  • 7 securities removed from ST-ASM framework including First Fintec Ltd, Inter Globe Finance Ltd, and NDL Ventures Ltd
  • No securities moved between different ASM stages
  • Framework includes securities from main board, SME, and T+0 segments
  • Several securities moved out due to inclusion in other surveillance frameworks (LT-ASM, ESM)

Regulatory Changes

The ST-ASM framework continues to apply 5/15/30 days additional surveillance measures to identified securities. Securities under this framework face enhanced monitoring, margin requirements, and potential trading restrictions based on their surveillance stage.

Compliance Requirements

  • Trading members must ensure compliance with enhanced margin requirements for ST-ASM securities
  • Position limits and delivery obligations may apply to affected securities
  • Market participants should review their portfolios for exposure to newly added securities
  • Brokers must inform clients about additional surveillance measures

Important Dates

  • August 18, 2025: Effective date for all ST-ASM framework changes
  • All additions and removals become applicable from market opening on this date

Impact Assessment

The surveillance measures typically result in reduced trading volumes and increased volatility for affected securities. Investors may face higher margin requirements and delivery obligations. The removal of 7 securities provides relief to those stocks, while addition of 8 new securities indicates continued market monitoring concerns. SME securities marked with @ symbol face additional scrutiny due to their smaller market capitalization and higher volatility potential.

Impact Justification

Surveillance measures impact trading volumes and investor participation for affected securities