Description

BSE updates Long Term Additional Surveillance Measure framework with securities moving in, out, and between ASM stages 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 removed from the framework. Two securities are newly shortlisted for LT-ASM Stage I, two securities are moved to higher ASM Stage II, and one security is removed from the framework.

Key Points

  • Two new securities added to LT-ASM Stage I: 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 moved out of LT-ASM framework: Achyut Healthcare Ltd (due to inclusion in ESM Framework)
  • No securities moved to lower ASM stages
  • No securities shortlisted for Direct Stage IV LT-ASM
  • Consolidated list shows multiple securities across ASM Stage I and II

Regulatory Changes

The LT-ASM framework continues to operate under existing regulations with periodic reviews and updates to the list of securities under surveillance. Securities can move between stages or be removed based on trading patterns and compliance with other surveillance frameworks.

Compliance Requirements

  • Trading members must adhere to enhanced surveillance measures for listed securities
  • Securities under LT-ASM are subject to additional margin requirements and monitoring
  • Compliance with stage-specific trading restrictions as applicable

Important Dates

  • Effective Date: August 21, 2025 - All changes to LT-ASM framework take effect

Impact Assessment

The changes affect trading conditions for the specified securities, with enhanced surveillance measures potentially impacting liquidity and trading volumes. Securities moving to higher ASM stages face stricter trading conditions, while those exiting the framework may see normalized trading parameters. Market participants should adjust their trading strategies accordingly for affected securities.

Impact Justification

Affects trading conditions for specific securities under surveillance framework