Description
BSE circular detailing securities being added to, moved within, or removed from the Short Term ASM Framework effective October 07, 2025.
Summary
BSE has issued a circular regarding changes to the Short Term Additional Surveillance Measure (ST-ASM) Framework effective October 07, 2025. The circular identifies 9 securities being newly added to the ST-ASM framework (Stage I), 8 securities moving out of the framework (mainly due to inclusion in other surveillance frameworks like ESM), and provides a consolidated list of all securities currently under ST-ASM.
Key Points
- 9 securities shortlisted for inclusion in Short Term 5/15/30 Days ASM Framework from October 07, 2025
- 8 securities moving out of ST-ASM Framework from October 07, 2025
- No securities moving to higher or lower ASM stages
- Securities marked with special symbols indicate SME scrips (@), T+0 scrips (~), and securities as per NSE (*)
- Securities exiting ST-ASM are primarily moving to ESM Framework (6 securities marked $)
- Consolidated list shows securities in Stage I of ST-ASM
Securities Being Added to ST-ASM (Stage I)
- ABM Knowledgeware Ltd (531161)
- Bazel International Ltd (539946)
- Deep Diamond India Ltd (539559)
- Khyati Multimedia Entertainment Ltd (531692)
- SP Capital Financing Ltd (530289)
- Bhagwati Autocast Ltd (504646)
- Dhanvantri Jeevan Rekha Ltd (531043)
- John Cockerill India Ltd (500147)
- AAA Technologies Ltd* (543671)
Securities Moving Out of ST-ASM
- Sacheta Metals Ltd (531869)
- Quantum Digital Vision India Ltd (530281)
- Associated Coaters Ltd@ (544183)
- Magnus Steel and Infra Ltd$ (517320) - moved to ESM
- Vaghani Techno Build Ltd$ (531676) - moved to ESM
- IB Infotech Enterprises Ltd$ (519463) - moved to ESM
- Rajasthan Gases Ltd$ (526873) - moved to ESM
- CyberTech Systems and Software Ltd$ (532173) - moved to ESM
Regulatory Changes
The Short Term ASM Framework continues to operate with 5/15/30 Days monitoring stages. Securities may move out of ST-ASM when included in other surveillance frameworks including:
- Long Term ASM (LT-ASM) Framework (*)
- Trade for Trade Framework (**)
- Graded Surveillance Measure (GSM) Framework (#)
- Pledge Framework (^)
- Enhanced Surveillance Measure (ESM) Framework ($)
Compliance Requirements
- Market participants must note the securities under ST-ASM framework for trading purposes
- Additional surveillance conditions apply to listed securities
- Special attention required for SME and T+0 scrips under the framework
- Securities under ST-ASM are subject to specific trading restrictions and monitoring
Important Dates
- Effective Date: October 07, 2025 - All changes to ST-ASM framework take effect
- Circular Date: October 06, 2025
Impact Assessment
The changes affect 17 securities in total (9 additions, 8 removals), indicating active surveillance measures by BSE. The movement of 6 securities from ST-ASM to ESM Framework suggests escalation of surveillance for those securities. Traders and investors in these securities should be aware of applicable trading restrictions and surveillance measures. The inclusion of both main board and SME securities indicates comprehensive market monitoring across segments.
Impact Justification
Affects trading of multiple securities through ASM framework changes, with 9 securities being added and 8 being removed, impacting market surveillance and trading restrictions