Description

BSE circular detailing securities entering and exiting Short Term Additional Surveillance Measure framework effective August 28, 2025.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework, with 12 new securities being added and 8 securities exiting the framework effective August 28, 2025. The circular provides comprehensive lists of securities across different categories and stages.

Key Points

  • 12 new securities shortlisted in Short Term 5/15/30 Days ASM Framework
  • 8 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower Stage ASM within the framework
  • Multiple reasons for securities exiting including inclusion in LT-ASM, ESM frameworks
  • Consolidated list shows securities across different ASM stages

Regulatory Changes

  • Implementation of updated ST-ASM framework with specific securities classifications
  • Securities marked with special symbols indicating SME scrips (@) and NSE alignment (*)
  • Different exit reasons including moves to Long Term ASM, Enhanced Surveillance Measure, and other frameworks

Compliance Requirements

  • Trading members must adhere to ST-ASM requirements for listed securities
  • Enhanced surveillance measures apply to securities in different stages (I, II, III)
  • Specific compliance for SME scrips and T+0 scrips as marked

Important Dates

  • Effective Date: August 28, 2025 - New ST-ASM framework implementation

Impact Assessment

Securities Entering ST-ASM: Apollo Micro Systems, Austin Engineering Company, Consolidated Construction Consortium, Growington Ventures India, HLE Glascoat, Madhuveer Com 18 Network, Pecos Hotels and Pubs, Prime Capital Market, Reliable Data Services, Transchem, Yash Chemex, and Zinka Logistics Solutions will face enhanced surveillance measures.

Securities Exiting ST-ASM: Arrow Greentech, Bafna Pharmaceuticals, Cityman, Digispice Technologies, IZMO, Lancor Holdings, Subam Papers, and Zuari Agro Chemicals will no longer be under ST-ASM but may be subject to other surveillance frameworks.

Trading Impact: Enhanced surveillance typically involves stricter position limits, margin requirements, and monitoring of price movements for affected securities.

Impact Justification

High importance due to surveillance measures affecting trading; medium impact as it affects specific securities rather than entire market