Description
BSE circular regarding securities moving into, within, and out of Long Term Additional Surveillance Measure framework effective August 22, 2025.
Summary
BSE has issued updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 22, 2025. The circular details securities being newly included, moved between ASM stages, and removed from the framework.
Key Points
- 1 new security added to LT-ASM framework: Citi Port Financial Services Ltd
- ASM Technologies Ltd moved to higher Stage II ASM
- BGR Energy Systems Ltd moved directly to Stage IV ASM
- Arman Holdings Ltd removed from LT-ASM framework
- Consolidated list includes 17+ securities across various ASM stages
Regulatory Changes
- New inclusions in LT-ASM framework with enhanced surveillance
- Stage progression for existing securities based on surveillance criteria
- Removal of securities that no longer meet LT-ASM criteria
Compliance Requirements
- Trading members must comply with enhanced surveillance measures for affected securities
- Different ASM stages carry varying trading restrictions and monitoring requirements
- Securities under LT-ASM subject to additional disclosure and reporting obligations
Important Dates
- Effective Date: August 22, 2025 - All LT-ASM changes become applicable
Impact Assessment
The changes affect trading liquidity and investor participation in the specified securities. Higher ASM stages typically involve stricter trading conditions, potentially reducing speculative activity while enhancing market integrity for the affected stocks.
Impact Justification
Affects trading conditions for multiple securities under surveillance framework