Description

BSE updates on securities entering, exiting, and moving between stages of Long Term Additional Surveillance Measure framework effective August 25, 2025.

Summary

BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 25, 2025. The circular details securities entering the framework, those moving between ASM stages, and securities exiting the framework.

Key Points

  • 5 securities newly entering Long Term ASM Framework
  • 4 securities moving to lower ASM Stage I from higher stages
  • 15 securities exiting the Long Term ASM Framework
  • No securities moving to higher ASM stages
  • Various reasons for exits including inclusion in Trade for Trade, GSM, ESM, and IBC frameworks

Regulatory Changes

New Securities in LT-ASM Framework:

  • Aditya Consumer Marketing Ltd (540146)
  • Ahasolar Technologies Ltd (543941)
  • Filtron Engineers Ltd (531191)
  • Modern Thread India Ltd (500282)
  • OTCO International Ltd (523151)

Securities Moving to Lower ASM Stage I:

  • Aryan Share and Stock Brokers Ltd (542176)
  • Ashika Credit Capital Ltd (543766)
  • B-Right Realestate Ltd (543543)
  • Vadilal Enterprises Ltd (519152)

Securities Exiting LT-ASM Framework:

  • 15 securities including Ambitious Plastomac Company Ltd, Avro India Ltd, Banganga Paper Industries Ltd, and others
  • Various exit reasons: Trade for Trade framework inclusion, GSM Framework inclusion, ESM Framework inclusion

Compliance Requirements

  • Trading members must comply with LT-ASM framework requirements for affected securities
  • Enhanced surveillance measures apply to securities in the framework
  • Specific trading restrictions and monitoring protocols for listed securities

Important Dates

  • Effective Date: August 25, 2025 - All changes to LT-ASM framework take effect

Impact Assessment

The changes affect trading conditions for 24 securities across various categories. Securities entering or remaining in LT-ASM will face enhanced surveillance and potential trading restrictions. The movement of 4 securities to lower ASM stages indicates improved compliance, while 15 securities exiting suggests either improved market behavior or transfer to other regulatory frameworks with different oversight mechanisms.

Impact Justification

Affects trading conditions for multiple securities with surveillance measures but limited to specific stocks