Description
BSE announces changes to Long Term ASM framework with securities moving in and out of surveillance measures effective September 08, 2025.
Summary
BSE has announced changes to the Long Term Additional Surveillance Measure (LT-ASM) framework effective September 08, 2025. The circular details securities entering LT-ASM, those moving between ASM stages, and securities exiting the framework.
Key Points
- 3 securities newly shortlisted for Long Term ASM Framework
- 3 securities moved to lower ASM Stage I from higher stages
- 18 securities moving out of Long Term ASM Framework
- No securities moving to higher ASM stages
- Changes effective from September 08, 2025
Regulatory Changes
Securities Entering LT-ASM:
- Astron Paper & Board Mill Ltd (540824)
- CarTrade Tech Ltd (543333)
- Disha Resources Ltd (531553)
Securities Moving to Lower ASM Stage I:
- ASM Technologies Ltd (526433)
- Ladam Affordable Housing Ltd (540026)
- Vantage Knowledge Academy Ltd (539761)
Securities Exiting LT-ASM: 18 securities including IFCI Ltd, MMTC Ltd, Centum Electronics Ltd, and others due to inclusion in other frameworks (Trade for Trade, GSM, ESM, IBC)
Compliance Requirements
- Trading members must note the revised surveillance categories
- Securities in LT-ASM subject to additional surveillance measures and restrictions
- Compliance with framework-specific trading requirements
Important Dates
- Effective Date: September 08, 2025
Impact Assessment
Market Impact: Medium - affects trading in 24 securities across various sectors
Trading Impact: Securities entering LT-ASM will face additional surveillance measures, while those exiting will have reduced restrictions. Securities moving to Stage I ASM will have lower surveillance requirements.
Impact Justification
Surveillance measure changes affect multiple securities with trading implications