Description
BSE announces securities shortlisted for ST-ASM framework and securities moving out, effective October 20, 2025.
Summary
BSE has announced the list of securities subject to Short Term Additional Surveillance Measure (ST-ASM) framework effective October 20, 2025. Ten securities are being newly shortlisted for ST-ASM, while fourteen securities are moving out of the framework. No securities are moving to higher or lower stage ASM at this time.
Key Points
- 10 securities newly shortlisted for Short Term 5/15/30 Days ASM Framework
- 14 securities moving out of ST-ASM Framework
- Changes effective from October 20, 2025
- Some securities moving out due to inclusion in other frameworks (LT-ASM, Trade for Trade)
- Framework includes both regular and SME scrips
Securities Shortlisted for ST-ASM
New Additions (10 securities):
- Aptus Pharma Ltd (544529)
- Bits Ltd (526709)
- Earkart Ltd (544549)
- Envair Electrodyne Ltd (500246)
- Global Vectra Helicorp Ltd (532773)
- Lyons Corporate Market Ltd (531441)
- Onix Solar Energy Ltd (513119)
- Rachit Prints Ltd (544503)
- Solvex Edibles Ltd (544539)
- Twamev Construction And Infrastructure Ltd (532738)
Securities Moving Out of ST-ASM
14 securities exiting framework:
- Amarnath Securities Ltd (538465)
- California Software Company Ltd (532386)
- Eimco Elecon (India) Ltd (523708)
- Essar Shipping Ltd (533704)
- New Light Apparels Ltd (540243)
- Rita Finance and Leasing Ltd (543256)
- Gujarat Mineral Development Corporation Ltd (532181/132181)
- Harshil Agrotech Ltd (505336)
- Sejal Glass Ltd (532993)
- AIK Pipes and Polymers Ltd (544072)
- Zinema Media And Entertainment Ltd (538579) - moved to Trade for Trade
- Zenith Steel Pipes & Industries Ltd (531845) - moved to Trade for Trade
- Shree Vatsaa Finance & leasing Ltd (532007) - moved to LT-ASM
Regulatory Changes
No changes to higher or lower stage ASM reported in this circular. The ST-ASM framework continues with revised composition of securities under surveillance.
Compliance Requirements
- Trading members must note the securities subject to ST-ASM restrictions
- Enhanced surveillance measures apply to listed securities
- Different treatment for SME scrips and T+0 scrips as marked
Important Dates
- Effective Date: October 20, 2025
- Circular Date: October 17, 2025
Impact Assessment
The ST-ASM framework applies additional surveillance measures to securities exhibiting abnormal price movements or excessive volatility. Securities in this framework face trading restrictions designed to protect investors and maintain market integrity. The movement of 14 securities out of ST-ASM (some into stricter frameworks like Trade for Trade or LT-ASM) and addition of 10 new securities reflects ongoing market surveillance activities. Traders and investors in these securities should be aware of the applicable restrictions and monitoring requirements.
Impact Justification
Affects multiple securities under surveillance framework with trading restrictions, but limited to specific stocks rather than market-wide impact