Description

BSE updates on securities entering and exiting Short Term Additional Surveillance Measure framework effective September 2, 2025.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective September 2, 2025. Eight securities are being added to the framework while sixteen securities are moving out. The circular provides consolidated lists of all securities under various stages of ST-ASM.

Key Points

  • 8 securities shortlisted for ST-ASM framework including Coffee Day Enterprises, East Buildtech, Essex Marine, Ken Financial Services, Ovobel Foods, Rishabh Instruments, Royal Orchid Hotels, and Shree Rama Multi-Tech
  • 16 securities moving out of ST-ASM framework including Ola Electric Mobility, Niyogin Fintech, Titan Biotech, and others
  • No securities moving to higher or lower stage ASM at this time
  • Some securities moving out due to inclusion in other frameworks (LT-ASM, ESM, etc.)

Regulatory Changes

  • Implementation of Short Term 5/15/30 Days ASM Framework for newly identified securities
  • Securities marked with special symbols indicate different categories (SME scrips @, T+0 scrips ~, NSE aligned *)
  • Various exit reasons marked with symbols for different framework inclusions

Compliance Requirements

  • Trading members must comply with ST-ASM framework requirements for affected securities
  • Enhanced surveillance measures apply to listed securities as per BSE surveillance framework
  • Investors should be aware of additional surveillance measures on these securities

Important Dates

  • September 2, 2025: Effective date for all ST-ASM framework changes

Impact Assessment

  • Medium impact on affected securities due to enhanced surveillance measures
  • Trading restrictions may affect liquidity and price discovery for securities entering ST-ASM
  • Positive development for securities exiting the framework as restrictions are lifted
  • Regular monitoring framework helps maintain market integrity and investor protection

Impact Justification

Regular surveillance framework update affecting multiple securities with trading restrictions