Description

BSE updates list of securities under Short Term ASM framework with 15 new inclusions and 7 exclusions effective September 10, 2025.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective September 10, 2025. The circular includes 15 securities being newly added to the ST-ASM framework and 7 securities moving out of the framework. The ST-ASM framework applies enhanced surveillance on securities showing unusual price or volume movements.

Key Points

  • 15 securities newly shortlisted for ST-ASM framework including Adtech Systems Ltd, ARCL Organics Ltd, Bartronics India Ltd
  • 7 securities moving out of ST-ASM framework including Cressanda Railway Solutions Ltd, East Buildtech Ltd, Royal Orchid Hotels Ltd
  • No securities moving to higher or lower stage ASM within the framework
  • Several securities marked with asterisks (*) indicating NSE coordination
  • SME scrips marked with @ symbol for identification
  • T+0 scrips marked with ~ symbol as per parent company classification

Regulatory Changes

Implementation of Short Term 5/15/30 Days ASM Framework updates with specific stage classifications. Securities under ST-ASM are subject to enhanced surveillance measures including potential trading restrictions and increased margin requirements.

Compliance Requirements

  • Trading members must ensure compliance with enhanced surveillance measures for listed securities
  • Investors should be aware of additional margin requirements and trading restrictions
  • Market participants must monitor price and volume movements of securities under surveillance

Important Dates

  • September 10, 2025: Effective date for all ST-ASM framework changes

Impact Assessment

Medium impact on affected securities as ST-ASM framework may result in reduced liquidity and increased trading costs. Securities moving out of the framework may experience improved trading conditions. The measure is designed to protect investors from excessive volatility while maintaining market integrity.

Impact Justification

Routine surveillance measure updates affecting 22 securities with moderate market impact