Description

BSE updates to Long Term Additional Surveillance Measure framework affecting multiple securities with stage movements and new inclusions effective September 9, 2025.

Summary

BSE has announced updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective September 9, 2025. The circular includes new securities being shortlisted for LT-ASM, stage movements for existing securities, and securities moving out of the framework.

Key Points

  • 7 new securities added to Long Term ASM Framework
  • 2 securities moved to higher ASM Stage II
  • 3 securities removed from LT-ASM framework (moved to ESM framework)
  • Changes effective from September 9, 2025
  • Consolidated list of all securities under various ASM stages provided

Securities Added to LT-ASM Framework

Part A - New Inclusions:

  • Cemantic Infra-Tech Ltd (538596)
  • IEL Ltd (524614)
  • Nihar Info Global Ltd (531083)
  • S.A.L. Steel Ltd (532604)
  • Sayaji Industries Ltd (540728)
  • Sunrakshakk Industries India Ltd (539300)
  • Svam Software Ltd (523722)

Stage Movements

Part B - Moved to Higher Stage ASM II:

  • Artificial Electronics Intelligent Material Ltd (526443)
  • Stallion India Fluorochemicals Ltd (544342)

Part C - Moved to Lower Stage:

  • None (Nil)

Securities Removed from LT-ASM

Part D - Moving Out (to ESM Framework):

  • CHPL Industries Ltd (539335)
  • Kemistar Corporation Ltd (531163)
  • Oxford Industries Ltd (514414)

Compliance Requirements

  • Enhanced surveillance measures apply to securities in LT-ASM framework
  • Trading restrictions and additional margin requirements may apply
  • Market participants must comply with ASM stage-specific requirements
  • Special attention required for securities moved to higher stages

Important Dates

  • Effective Date: September 9, 2025
  • All changes to surveillance framework become applicable from this date

Impact Assessment

  • Trading Impact: Securities under LT-ASM face enhanced surveillance with potential trading restrictions
  • Liquidity Impact: May affect liquidity in affected securities due to additional compliance requirements
  • Investor Impact: Investors need to be aware of surveillance measures when trading these securities
  • Market Structure: Demonstrates BSE’s continued focus on market surveillance and investor protection

Impact Justification

Affects trading conditions for multiple securities with stage movements and framework changes