Description

BSE announces securities being added to, moved within, and removed from the Short Term Additional Surveillance Measure (ST-ASM) framework effective October 16, 2025.

Summary

BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective October 16, 2025. Nine securities are being newly added to the ST-ASM framework, one security will move to a higher stage within the framework, and ten securities are being removed from the framework due to inclusion in other surveillance or regulatory frameworks.

Key Points

  • 9 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 1 security (United Cotfab Ltd) moving to higher Stage ASM while remaining in ST-ASM framework
  • 10 securities moving out of ST-ASM Framework
  • Changes effective from October 16, 2025
  • Several SME scrips included in the changes
  • Some securities moving out due to inclusion in LT-ASM, ESM, or other frameworks

Regulatory Changes

Securities Added to ST-ASM (Stage I):

  1. ABM Knowledgeware Ltd (531161)
  2. Adeshwar Meditex Ltd (543309) - SME
  3. Angel Fibers Ltd (541006) - SME
  4. Bonlon Industries Ltd (543211)
  5. Croissance Ltd (531909)
  6. Getalong Enterprise Ltd (543372) - SME
  7. GM Breweries Ltd (507488)
  8. Regent Enterprises Ltd (512624)
  9. UR Sugar Industries Ltd (539097)

Securities Moving to Higher Stage:

  • United Cotfab Ltd (544195) - SME

Securities Removed from ST-ASM:

  1. BLT Logistics Ltd (544474) - SME
  2. Machhar Industries Ltd (543934) - moved to LT-ASM
  3. NIS Management Ltd (544495) - SME
  4. Ontic Finserve Ltd (540386)
  5. Orient Technologies Ltd (544235)
  6. Raj Oil Mills Ltd (533093)
  7. TATA INV COR (101301) - T+0 scrip, moved to LT-ASM
  8. Tata Investment Corporation Ltd (501301) - moved to LT-ASM
  9. Titan Intech Ltd (521005) - moved to ESM
  10. We Win Ltd (543535) - moved to ESM

Compliance Requirements

  • Market participants must be aware of the enhanced surveillance applicable to newly added securities
  • Trading members should note the stage-wise surveillance measures for securities continuing in the framework
  • Investors should understand that ST-ASM securities may have additional trading restrictions or monitoring
  • Entities must comply with the Short Term ASM framework guidelines for affected securities

Important Dates

  • Effective Date: October 16, 2025 - All ST-ASM framework changes become applicable

Impact Assessment

Trading Impact: Securities added to ST-ASM framework will face enhanced surveillance and potential trading restrictions based on their stage classification. This may include price bands, additional margin requirements, or other measures designed to curb excessive volatility.

Market Participants: Traders and investors in the affected securities should expect closer monitoring and possible trading limitations. The movement of some securities to LT-ASM or ESM frameworks indicates ongoing concerns requiring longer-term or enhanced surveillance.

Investor Protection: The ST-ASM framework is designed to protect investors by identifying and monitoring securities showing abnormal price movements or trading patterns, helping to prevent market manipulation and excessive speculation.

Impact Justification

Surveillance framework changes affect trading conditions for multiple securities but are part of regular market monitoring procedures