Description

BSE announces changes to Long Term ASM Framework effective October 24, 2025, including 8 new securities shortlisted, 2 securities moving out, and 1 security moving to higher stage.

Summary

BSE has issued updates to the Long Term Additional Surveillance Measure (LT-ASM) Framework effective October 24, 2025. Eight securities have been newly shortlisted in the LT-ASM Framework, one security (Sirohia & Sons Ltd) will move to a higher Stage II ASM, and two securities (Krishna Capital and Securities Ltd and Xelpmoc Design and Tech Ltd) are moving out of the framework due to inclusion in ESM Framework.

Key Points

  • 8 securities newly shortlisted in Long Term ASM Framework: Envair Electrodyne Ltd, Fraser and Company Ltd, Hindustan Appliances Ltd, Lyons Corporate Market Ltd, MM Rubber Company Ltd, Sambhaav Media Ltd, SEL Manufacturing Company Ltd, and Nureca Ltd
  • Sirohia & Sons Ltd moves from current stage to Stage II ASM while remaining in LT-ASM Framework
  • Krishna Capital and Securities Ltd and Xelpmoc Design and Tech Ltd moving out of LT-ASM Framework due to inclusion in ESM Framework
  • No securities moving to lower ASM stages
  • No securities shortlisted directly in Stage IV Long Term ASM Framework
  • Consolidated list includes multiple securities across different ASM stages starting with 7Seas Entertainment Ltd, A B Infrabuild Ltd, A-1 Ltd, and others

Regulatory Changes

The LT-ASM Framework is designed to alert investors about securities exhibiting abnormal price movements and protect market integrity. Securities under this framework face additional surveillance measures including price bands, trade-for-trade settlement, and enhanced disclosure requirements.

Compliance Requirements

  • Market participants must note the revised ASM classifications effective October 24, 2025
  • Trading members should inform clients about the ASM status of affected securities
  • Investors must be aware of enhanced surveillance measures applicable to these securities
  • Securities moving to higher stages may face stricter price bands and trading restrictions

Important Dates

  • Effective Date: October 24, 2025 - All LT-ASM Framework changes become applicable

Impact Assessment

The inclusion of 8 new securities in the LT-ASM Framework will subject them to enhanced surveillance measures, potentially reducing speculative trading activity and volatility. The movement of Sirohia & Sons Ltd to Stage II indicates continued concerns requiring stricter monitoring. The exit of 2 securities to ESM Framework suggests these require even more stringent surveillance measures. Market participants trading these securities should expect reduced liquidity and stricter trading conditions.

Impact Justification

Affects trading conditions for 11 securities through ASM framework changes, requiring market participants to adjust trading strategies for these scrips