Description
BSE updates Long Term ASM framework with new securities additions, stage movements, and exclusions effective August 20, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 20, 2025. The circular includes new securities being added to LT-ASM, securities moving between ASM stages, and securities moving out of the framework.
Key Points
- Cargosol Logistics Ltd (543621) newly shortlisted in Long Term ASM Framework
- Jeena Sikho Lifecare Ltd (544476) moved to ASM Stage II
- Retina Paints Ltd (543902) moving out of Long Term ASM Framework
- Consolidated list contains 18+ securities across different ASM stages
- Framework includes provisions for T+0 scrips and parent company considerations
Regulatory Changes
- Updated list of securities under Long Term ASM surveillance
- Stage progression for existing securities in the framework
- Removal of securities that no longer meet LT-ASM criteria
- Integration with other surveillance frameworks (GSM, ESM, IBC)
Compliance Requirements
- Trading members must comply with LT-ASM trading restrictions for listed securities
- Enhanced monitoring and reporting requirements for securities under surveillance
- Adherence to stage-specific trading limitations and margin requirements
Important Dates
- Effective Date: August 20, 2025 - All LT-ASM changes become applicable
Impact Assessment
- Trading activity in affected securities will be subject to enhanced surveillance measures
- Investors may face additional margin requirements and trading restrictions
- Market participants should review their positions in the affected securities
- Securities moving out of LT-ASM will have reduced trading restrictions
Impact Justification
Affects trading in specific securities under surveillance framework