Description

BSE updates Long Term Additional Surveillance Measure framework with new securities additions and movements effective August 29, 2025.

Summary

BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 29, 2025. The circular includes new securities being added to LT-ASM, existing securities moving between ASM stages, securities moving out of the framework, and a consolidated list of all securities under surveillance.

Key Points

  • 2 new securities shortlisted for Long Term ASM Framework
  • 1 security moved to higher ASM Stage II
  • 4 securities moved out of LT-ASM Framework due to inclusion in other frameworks
  • Comprehensive consolidated list provided with ASM stage classifications
  • Changes effective from August 29, 2025

Regulatory Changes

New Additions (Part A):

  • Novateor Research Laboratories Ltd (542771)
  • Rajnish Wellness Ltd (541601)

Stage Upgrades (Part B):

  • Vantage Knowledge Academy Ltd moved to ASM Stage II

Framework Exits (Annexure II):

  • Befound Movement Ltd - moved to ESM Framework
  • B-Right Realestate Ltd - moved to ESM Framework
  • Filtron Engineers Ltd - moved to ESM Framework
  • Omni AXs Software Ltd - moved to ESM Framework

Compliance Requirements

  • Securities under LT-ASM are subject to enhanced surveillance measures
  • Trading members must comply with applicable surveillance framework requirements
  • Different ASM stages have varying levels of surveillance intensity
  • Securities moving between frameworks must adhere to new applicable rules

Important Dates

  • Effective Date: August 29, 2025
  • All changes to surveillance frameworks take effect from market opening on this date

Impact Assessment

Trading Impact:

  • Enhanced monitoring and potential trading restrictions for newly added securities
  • Stricter surveillance for securities moving to higher ASM stages
  • Relief for securities exiting LT-ASM framework but subject to other surveillance measures

Market Impact:

  • Improved market integrity through targeted surveillance
  • Potential impact on liquidity for affected securities
  • Investors should be aware of enhanced surveillance implications for portfolio securities

Impact Justification

Affects trading surveillance for multiple securities with specific framework changes