Description

BSE announces securities moving into and out of Long Term Additional Surveillance Measure framework effective September 04, 2025.

Summary

BSE has announced changes to the Long Term Additional Surveillance Measure (LT-ASM) framework effective September 04, 2025. Seven securities are being newly added to LT-ASM, one security is moving to a higher ASM stage, and two securities are moving out of the framework.

Key Points

  • 7 securities newly shortlisted for Long Term ASM Framework
  • 1 security (GEE Ltd) moving to higher ASM Stage II
  • 2 securities moving out of LT-ASM framework
  • Changes effective from September 04, 2025
  • Framework includes multiple stages with varying surveillance levels

Regulatory Changes

New Securities in LT-ASM Framework:

  • Apollo Micro Systems Ltd (540879)
  • Cupid Ltd (530843)
  • Hemo Organic Ltd (524590)
  • Kkalpana Plastick Ltd (523652)
  • Oxford Industries Ltd (514414)
  • Pritish Nandy Communications Ltd (532387)
  • Shanti Guru Industries Ltd (534708)

Securities Moving to Higher Stage:

  • GEE Ltd (504028) moving to ASM Stage II

Securities Moving Out:

  • Aban Offshore Ltd (523204) - moved to IBC Framework
  • Vaxfab Enterprises Ltd (542803) - moved to ESM Framework

Compliance Requirements

  • Trading members must comply with enhanced surveillance measures for listed securities
  • Securities under LT-ASM may have additional margin requirements
  • Increased monitoring and reporting obligations for affected securities
  • Special attention required for securities moving between different surveillance frameworks

Important Dates

  • Effective Date: September 04, 2025
  • All changes to surveillance measures become applicable from market opening on this date

Impact Assessment

Market Impact: Medium - affects liquidity and trading patterns for specific securities under enhanced surveillance. Operational Impact: Trading members need to update their systems and processes to accommodate new surveillance requirements. Investor Impact: Enhanced due diligence required for affected securities, potential impact on trading volumes and price discovery.

Impact Justification

Affects multiple securities with enhanced surveillance measures but limited to specific stocks