Description
BSE announces securities moving into and out of Short Term ASM Framework effective October 09, 2025, including 6 new additions and 4 removals.
Summary
BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) Framework effective October 09, 2025. Six securities are being newly shortlisted into the ST-ASM framework, while four securities are moving out. No securities are moving to higher or lower stages within the framework during this update.
Key Points
- 6 securities newly added to Short Term 5/15/30 Days ASM Framework
- 4 securities moving out of ST-ASM Framework
- No securities moving to higher or lower stages within ST-ASM
- Changes effective from October 09, 2025
- Framework includes Stage I and Stage II classifications
- Some securities marked with special indicators (SME, T+0, alignment with NSE)
Securities Added to ST-ASM (Effective October 09, 2025)
- Futuristic Solutions Ltd (534063, INE241F01011)
- Indbank Merchant Banking Services Ltd (511473, INE841B01017) - As per NSE
- Indraprastha Medical Corporation Ltd (532150, INE681B01017) - As per NSE
- Orbit Exports Ltd (512626, INE231G01010) - As per NSE
- Rajnish Retail Ltd (530525, INE786J01033)
- Transglobe Foods Ltd (519367, INE213P01027)
Securities Moving Out of ST-ASM (Effective October 09, 2025)
- Consolidated Construction Consortium Ltd (532902, INE429I01024)
- Dhanvantri Jeevan Rekha Ltd (531043, INE239F01015) - Moving to ESM Framework
- Sujala Trading & Holdings Ltd (539117, INE029H01016) - Moving to LT-ASM Framework
- Tirupati Foam Ltd (540904, INE115G01015)
Framework Details
ST-ASM Framework Purpose: Enhanced surveillance mechanism to ensure market safety and orderly trading in securities showing abnormal price movements or volatility.
Stage Classifications:
- Stage I: Initial surveillance level
- Stage II: Enhanced surveillance level
Special Markers:
- (*) - Alignment with NSE or movement to LT-ASM
- (@) - SME scrips
- (~) - T+0 scrips shortlisted as per parent company
- ($) - Moving to ESM Framework
- (^) - Moving to Pledge Framework
- (#) - Moving to GSM Framework
- (**) - Moving to Trade for Trade Framework
Consolidated List Highlights
The consolidated list includes securities at various stages, with notable entries such as:
- Gujarat Mineral Development Corporation Ltd (both regular and T+0 variant)
- BLT Logistics Ltd (SME)
- Essex Marine Ltd (Stage II)
Compliance Requirements
- Trading members must note the revised surveillance framework applicable to these securities
- Enhanced monitoring and reporting requirements apply to securities under ST-ASM
- Price bands and trading restrictions as per ST-ASM guidelines will be enforced
Important Dates
- Effective Date: October 09, 2025
- Circular Date: October 08, 2025
Impact Assessment
Trading Impact: Securities under ST-ASM framework face enhanced surveillance including potential price bands, additional margins, or trading restrictions. Investors and traders in these specific securities should be aware of stricter monitoring and possible trading limitations.
Market Impact: Limited to specific securities listed; routine surveillance adjustment with no broader market implications. Four securities graduating out of framework indicates improved trading behavior, while six new additions reflect recent volatility concerns.
Impact Justification
Routine surveillance measure affecting multiple securities with trading restrictions; important for traders of these specific stocks but limited broader market impact