Description

BSE announces inclusion of 9 securities in Short Term ASM framework and removal of 8 securities effective October 07, 2025.

Summary

BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective October 07, 2025. Nine securities have been newly shortlisted for inclusion in the ST-ASM framework, while eight securities are being removed from the framework. The ST-ASM is a risk management tool used to monitor securities exhibiting abnormal price movements or trading patterns.

Key Points

  • 9 securities newly included in Short Term 5/15/30 Days ASM Framework at Stage I
  • 8 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages within the framework
  • Changes effective from October 07, 2025
  • Includes regular equity, SME, and T+0 scrips

Securities Included in ST-ASM Framework

Newly Added Securities (Stage I):

  1. ABM Knowledgeware Ltd (531161)
  2. Bazel International Ltd (539946)
  3. Deep Diamond India Ltd (539559)
  4. Khyati Multimedia Entertainment Ltd (531692)
  5. SP Capital Financing Ltd (530289)
  6. Bhagwati Autocast Ltd (504646)
  7. Dhanvantri Jeevan Rekha Ltd (531043)
  8. John Cockerill India Ltd (500147)
  9. AAA Technologies Ltd (543671)*

*As per NSE

Securities Removed from ST-ASM Framework

  1. Sacheta Metals Ltd (531869)
  2. Quantum Digital Vision India Ltd (530281)
  3. Associated Coaters Ltd (544183) - SME scrip
  4. Magnus Steel and Infra Ltd (517320) - Moved to ESM Framework
  5. Vaghani Techno Build Ltd (531676) - Moved to ESM Framework
  6. IB Infotech Enterprises Ltd (519463) - Moved to ESM Framework
  7. Rajasthan Gases Ltd (526873) - Moved to ESM Framework
  8. CyberTech Systems and Software Ltd (532173) - Moved to ESM Framework

Regulatory Changes

The ST-ASM framework continues to operate as a preventive surveillance mechanism for securities showing unusual price and volume behavior. Securities can move out of ST-ASM due to:

  • Inclusion in Long Term ASM (LT-ASM) Framework
  • Inclusion in Trade for Trade Framework
  • Inclusion in Graded Surveillance Measure (GSM) Framework
  • Inclusion in Pledge Framework
  • Inclusion in Enhanced Surveillance Measure (ESM) Framework

Compliance Requirements

  • Trading members must ensure compliance with ST-ASM framework provisions for the newly included securities
  • Investors trading in these securities should be aware of the enhanced surveillance status
  • Securities in ST-ASM are subject to specific trading restrictions and margin requirements
  • Market participants must monitor the consolidated list of securities under surveillance

Important Dates

  • Effective Date: October 07, 2025
  • Circular Date: October 06, 2025

Impact Assessment

Market Impact:

  • Newly included securities may experience reduced liquidity and increased margin requirements
  • Higher transaction costs and restricted trading conditions for affected securities
  • Positive impact for securities moving out of ST-ASM framework - potential improvement in liquidity

Operational Impact:

  • Brokers and trading members need to update risk management systems
  • Investors may face additional margin requirements for positions in newly included securities
  • Five securities transitioning to ESM framework will face stricter surveillance measures

Impact Justification

Affects trading conditions for 9 newly included securities and provides relief to 8 securities moving out. ST-ASM framework increases surveillance and may reduce liquidity for affected stocks.