Description

BSE circular updating the list of securities under Short Term Additional Surveillance Measure framework with additions and removals effective August 29, 2025.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 29, 2025. The circular adds 4 new securities to the ST-ASM framework and removes 9 securities from it. The ST-ASM framework imposes additional margin requirements and trading restrictions on volatile securities.

Key Points

  • 4 securities newly added to ST-ASM Stage I framework
  • 9 securities moving out of ST-ASM framework
  • No securities moving between different ASM stages
  • Changes effective from August 29, 2025
  • Framework includes SME scrips and T+0 scrips based on parent company classification

Securities Added to ST-ASM (Stage I)

  1. ADC India Communications Ltd (523411)
  2. Affordable Robotic & Automation Ltd (541402) - As per NSE
  3. Lactose India Ltd (524202)
  4. Raghuvansh Agrofarms Ltd (538921) - SME scrip

Securities Removed from ST-ASM

  1. Annvrridhhi Ventures Ltd (538539)
  2. Blue Cloud Softech Solutions Ltd (539607)
  3. DRA Consultants Ltd (540144) - SME scrip
  4. GTN Textiles Ltd (532744)
  5. Palco Metals Ltd (539121)
  6. Pradeep Metals Ltd (513532)
  7. Reliable Data Services Ltd (544207) - Moving to ESM framework
  8. Sayaji Industries Ltd (540728)
  9. Yash Innoventures Ltd (523650) - Moving to ESM framework

Regulatory Changes

Securities under ST-ASM framework are subject to:

  • Enhanced margin requirements
  • Trading restrictions during volatile periods
  • Additional surveillance measures for 5/15/30 day periods
  • Special monitoring for price movements

Compliance Requirements

  • Market participants must ensure compliance with enhanced margin requirements for listed securities
  • Brokers need to update their systems for the new surveillance classifications
  • Trading members should inform clients about the surveillance status of affected securities

Important Dates

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

Impact Assessment

The addition of 4 securities to ST-ASM may result in reduced trading volumes and increased margin requirements for these stocks. The removal of 9 securities from the framework may lead to normalized trading conditions. Securities moving to ESM framework face stricter surveillance measures.

Impact Justification

Regular surveillance measure update affecting multiple securities with trading restrictions