Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework effective October 09, 2025, including 6 new additions and 4 securities moving out.

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 being moved to higher or lower ASM stages 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
  • Changes effective from October 09, 2025
  • No securities moving to higher or lower ASM stages
  • Some securities moving out due to inclusion in other surveillance frameworks (LT-ASM, ESM)

Securities Added to ST-ASM (Stage I)

New Additions:

  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 listing

Securities Exiting ST-ASM Framework

Moving Out:

  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)

Regulatory Framework

The Short Term ASM framework is designed to alert investors about securities displaying abnormal price movements or unusual trading patterns. Securities under this framework are subject to:

  • Enhanced surveillance monitoring
  • Stage-wise progression (5/15/30 days)
  • Potential trading restrictions
  • Additional disclosure requirements

Important Dates

  • Effective Date: October 09, 2025
  • Circular Date: October 08, 2025

Impact Assessment

Trading Impact:

  • Securities added to ST-ASM will face stricter surveillance and potential liquidity constraints
  • Investors should exercise caution when trading these securities
  • Higher margins or trade-for-trade segments may be applicable

Market Participants:

  • Traders and investors holding positions in affected securities should review their portfolios
  • Brokers need to update their systems to reflect new surveillance classifications
  • Enhanced due diligence required for transactions in listed securities

Transition Notes:

  • Securities marked with specific symbols indicate SME scrips (@) or T+0 scrips (~)
  • Some securities transitioning to stricter frameworks (LT-ASM, ESM) indicate persistent concerns

Compliance Requirements

  • Market participants must adhere to revised trading parameters for affected securities
  • Brokers should communicate changes to clients holding or trading these securities
  • Enhanced reporting and monitoring requirements apply to securities under ST-ASM
  • Investors should be aware of applicable margins and settlement obligations

Impact Justification

Affects trading parameters for 10 securities with 6 new additions to ST-ASM framework and 4 exits, impacting investor trading activities and market surveillance