Description
Updates to securities under Long Term Additional Surveillance Measure framework with new inclusions, exclusions and stage movements effective August 21, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 21, 2025. The circular details securities being newly included, moved between ASM stages, and excluded from the framework.
Key Points
- Two new securities added to LT-ASM framework: Aadi Industries Ltd and Cybele Industries Ltd
- Two securities moved to higher ASM Stage II: Bharat Global Developers Ltd and Stallion India Fluorochemicals Ltd
- One security (Achyut Healthcare Ltd) moved out of LT-ASM framework due to inclusion in ESM Framework
- No securities moved to lower ASM stages or direct stage IV
- Consolidated list shows securities across ASM Stage I and II
Regulatory Changes
- Implementation of revised LT-ASM framework classifications
- Updated surveillance measures for identified securities
- Cross-framework movements between LT-ASM, ESM, GSM, Trade for Trade, and IBC frameworks
Compliance Requirements
- Trading members must comply with enhanced surveillance measures for listed securities
- Securities in ASM framework subject to additional margin requirements and position limits
- Investors should be aware of restricted trading conditions for affected securities
Important Dates
- August 21, 2025: Effective date for all LT-ASM framework changes
Impact Assessment
- Affects trading liquidity and margin requirements for specific securities
- Enhanced monitoring may lead to price discovery improvements
- Investors in affected securities should review position limits and margin implications
- Movement between frameworks indicates regulatory assessment of market behavior and compliance
Impact Justification
Regular surveillance measure updates affecting specific securities with trading implications for investors