Description
BSE announces securities moving into and out of Short Term Additional Surveillance Measure framework effective September 4, 2025.
Summary
BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective September 4, 2025. Nine securities are being added to the ST-ASM framework, one security is moving to a higher stage, and eight securities are moving out of the framework.
Key Points
- 9 securities newly shortlisted for ST-ASM framework (5/15/30 days)
- 1 security (Pacheli Industrial Finance Ltd) moving to higher stage ASM
- 8 securities moving out of ST-ASM framework
- Changes effective from September 4, 2025
- Framework includes both main board and SME securities
Regulatory Changes
The ST-ASM framework applies enhanced surveillance measures with 5/15/30 day monitoring periods for securities showing abnormal price movements or trading patterns.
Compliance Requirements
- Trading members must ensure compliance with ST-ASM trading restrictions
- Enhanced due diligence required for affected securities
- Position limits and other surveillance measures applicable
Important Dates
- September 4, 2025: Effective date for all ST-ASM changes
Impact Assessment
The measure affects trading liquidity and investor access to 9 newly included securities while providing relief to 8 securities exiting the framework. SME securities like BLT Logistics, Cryogenic Ogs, and Sahara Maritime are subject to additional scrutiny. Some securities are transitioning to other surveillance frameworks (LT-ASM, ESM) indicating continued regulatory oversight.
Impact Justification
Affects trading conditions for multiple securities with enhanced surveillance measures