Description

BSE announces securities shortlisted for, continuing in, and moving out of the Short Term Additional Surveillance Measure (ST-ASM) framework effective October 09, 2025.

Summary

BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective October 09, 2025. Six securities have been newly shortlisted for inclusion in the ST-ASM framework, while four securities are moving out of the framework. No securities are moving to higher or lower stage ASM during this update.

Key Points

  • 6 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework effective October 09, 2025
  • 4 securities moving out of ST-ASM Framework effective October 09, 2025
  • No securities moving to higher ASM stages
  • No securities moving to lower ASM stages
  • Consolidated list includes securities in various ASM stages (Stage I and Stage II)
  • Framework includes SME scrips and T+0 scrips based on parent company

Securities Entering ST-ASM Framework

Newly Shortlisted (Effective October 09, 2025):

  1. Futuristic Solutions Ltd (534063, INE241F01011)
  2. Indbank Merchant Banking Services Ltd* (511473, INE841B01017)
  3. Indraprastha Medical Corporation Ltd* (532150, INE681B01017)
  4. Orbit Exports Ltd* (512626, INE231G01010)
  5. Rajnish Retail Ltd (530525, INE786J01033)
  6. Transglobe Foods Ltd (519367, INE213P01027)

*As per NSE

Securities Exiting ST-ASM Framework

Moving Out (Effective October 09, 2025):

  1. Consolidated Construction Consortium Ltd (532902, INE429I01024)
  2. Dhanvantri Jeevan Rekha Ltd$ (531043, INE239F01015) - Moving to ESM Framework
  3. Sujala Trading & Holdings Ltd* (539117, INE029H01016) - Moving to LT-ASM Framework
  4. Tirupati Foam Ltd (540904, INE115G01015)

Consolidated List Highlights

The consolidated list includes securities in different ST-ASM stages:

Stage I Securities: ABM Knowledgeware Ltd, Banaras Beads Ltd, Banco Products (India) Ltd, Bazel International Ltd, Bhagwati Autocast Ltd, BLT Logistics Ltd (SME), Dhanlaxmi Cotex Ltd, Dynamic Industries Ltd, Escorp Asset Management Ltd, Futuristic Solutions Ltd, Gayatri Sugars Ltd, Gujarat Mineral Development Corporation Ltd (including T+0 variant)

Stage II Securities: Essex Marine Ltd (SME)

Regulatory Changes

The ST-ASM framework is an additional surveillance mechanism applied to securities that exhibit abnormal price movements or trading patterns. Securities under this framework may face additional restrictions or monitoring to protect investor interests.

Compliance Requirements

  • Market participants must be aware of securities under ST-ASM framework
  • Trading in these securities may be subject to additional surveillance and restrictions
  • Investors should exercise caution when trading in ST-ASM securities
  • Brokers and trading members must ensure compliance with ST-ASM framework requirements

Important Dates

  • Effective Date: October 09, 2025 - All changes to ST-ASM framework become applicable

Impact Assessment

Market Impact: Medium - The addition of 6 securities to ST-ASM framework indicates heightened surveillance on these scrips due to unusual trading patterns. This may lead to reduced liquidity and increased volatility in affected securities.

Investor Impact: Investors holding or trading in the newly added securities should be aware of potential trading restrictions and increased monitoring. Securities moving out of ST-ASM framework (moving to other frameworks like ESM or LT-ASM) may face different types of restrictions.

Operational Impact: Trading members and brokers need to update their systems to reflect the new ST-ASM classifications and ensure appropriate risk management measures are in place for affected securities.

Impact Justification

Routine surveillance measure affecting specific securities with potential trading restrictions. Impacts 6 new securities entering ST-ASM and 4 securities exiting the framework.