Applicability of Short Term Additional Surveillance Measure (ST-ASM)

Description

BSE updates on securities entering and exiting Short Term Additional Surveillance Measure framework effective August 26, 2025.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 26, 2025. Ten securities are newly included in the ST-ASM framework, while ten securities are moving out of the framework due to inclusion in other surveillance measures.

Key Points

• 10 new securities shortlisted for ST-ASM framework including Aditya Infotech Ltd, Foseco India Ltd, IZMO Ltd
• 10 securities moving out of ST-ASM framework including Asian Hotels (North) Ltd, CL Educate Ltd, KRBL Ltd
• No securities moving to higher or lower ASM stages
• Framework includes 5/15/30 days surveillance stages
• SME scrips and T+0 scrips specifically marked with special notations

Regulatory Changes

Implementation of updated Short Term Additional Surveillance Measure framework with revised security listings across different surveillance categories.

Compliance Requirements

• Trading members must comply with enhanced surveillance requirements for listed securities
• Special monitoring protocols apply to securities under ST-ASM framework
• Adherence to respective stage-wise ASM requirements

Important Dates

• Effective Date: August 26, 2025 - New ST-ASM framework implementation

Impact Assessment

The surveillance measures will enhance market monitoring and risk management for the affected securities. Securities moving out of ST-ASM framework are transitioning to other surveillance mechanisms (LT-ASM, ESM, etc.), indicating continued regulatory oversight through different frameworks.

Impact Justification

Affects trading of 20+ securities with enhanced surveillance measures