Description
BSE introduces Short Term Additional Surveillance Measure framework for 15 securities and removes 7 securities from the framework effective September 10, 2025.
Summary
BSE has announced the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework effective September 10, 2025. The circular introduces 15 securities into the ST-ASM framework while removing 7 securities that are moving out of the framework.
Key Points
- 15 securities shortlisted for ST-ASM framework including Adtech Systems, ARCL Organics, Bartronics India, and others
- 7 securities moving out of ST-ASM framework including Cressanda Railway Solutions, East Buildtech, and Royal Orchid Hotels
- No securities moving to higher or lower stage ASM within the framework
- Framework includes both regular and SME scrips, with special markings for T+0 scrips
- Several securities marked with (*) are moving out due to inclusion in LT-ASM framework
Regulatory Changes
- Implementation of Short Term 5/15/30 Days ASM framework for enhanced market surveillance
- Consolidated list provided showing current ASM stage classifications
- Special categorization for SME scrips (@) and T+0 scrips (~)
Compliance Requirements
- Trading members must comply with enhanced surveillance measures for listed securities
- Additional monitoring and reporting requirements for securities under ST-ASM
- Adherence to risk management protocols for affected scrips
Important Dates
- Effective Date: September 10, 2025 - ST-ASM framework implementation
Impact Assessment
- Enhanced surveillance may affect trading volumes and price volatility for listed securities
- Improved risk monitoring and market safety measures
- Potential impact on liquidity for securities entering the framework
- Securities moving out of framework may experience normalized trading patterns
Impact Justification
Surveillance measures affect trading patterns and liquidity for listed securities but are routine risk management tools