Description
BSE announces securities moving into and out of Long Term ASM framework effective September 4, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective September 4, 2025. Seven new securities have been added to the framework, one security has been moved to a higher ASM stage, and two securities are moving out of the framework.
Key Points
- 7 new securities shortlisted for Long Term ASM Framework
- 1 security (GEE Ltd) moved to higher ASM Stage II
- 2 securities moving out of LT-ASM Framework
- Changes effective from September 4, 2025
- Consolidated list includes over 500 securities under various ASM stages
Securities Added to LT-ASM
Part A - New Securities:
- 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 Stages
Part B - Higher Stage:
- GEE Ltd (504028) moved to ASM Stage II
Securities Exiting LT-ASM
Part D - Moving Out:
- Aban Offshore Ltd (523204) - moved to IBC Framework
- Vaxfab Enterprises Ltd (542803) - moved to ESM Framework
Important Dates
- Effective Date: September 4, 2025
Impact Assessment
Securities under LT-ASM face additional trading restrictions and surveillance measures. The framework is designed to protect investor interests by monitoring securities with unusual price movements or trading patterns. Companies moving into higher stages face stricter surveillance, while those exiting LT-ASM may be subject to other regulatory frameworks like IBC or ESM.
Impact Justification
Affects trading conditions for multiple securities with surveillance measures