Description
BSE updates on securities entering and exiting Short Term Additional Surveillance Measure framework effective August 29, 2025.
Summary
BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 29, 2025. Four securities are being newly included in the ST-ASM framework, while nine securities are moving out of the framework due to inclusion in other surveillance measures.
Key Points
- 4 securities newly shortlisted for ST-ASM framework including ADC India Communications Ltd, Affordable Robotic & Automation Ltd, Lactose India Ltd, and Raghuvansh Agrofarms Ltd
- 9 securities moving out of ST-ASM framework, with some moving to Enhanced Surveillance Measure (ESM) framework
- No securities moving to higher or lower stage ASM within the ST-ASM framework
- Changes take effect from August 29, 2025
- Consolidated list shows securities across different stages of ST-ASM
Regulatory Changes
Implementation of Short Term 5/15/30 Days ASM Framework with updated security classifications and stage movements between different surveillance measures.
Compliance Requirements
- Market participants must adjust trading strategies for securities entering ST-ASM
- Enhanced monitoring and reporting requirements for affected securities
- Compliance with specific trading restrictions under surveillance measures
Important Dates
- August 29, 2025: Effective date for all ST-ASM framework changes
Impact Assessment
The surveillance measures will impose additional trading restrictions on the newly included securities, potentially affecting liquidity and trading volumes. Securities moving out of ST-ASM to other frameworks like ESM may face different but continued restrictions. This affects both retail and institutional investors trading in these specific securities.
Impact Justification
Affects trading conditions for multiple securities with surveillance measures