Description

BSE announces changes to Short Term Additional Surveillance Measure framework with 9 securities being added and 4 securities moving out, effective October 28, 2025.

Summary

BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective October 28, 2025. Nine securities have been newly shortlisted for inclusion in the ST-ASM framework at Stage I, while four securities are moving out of the framework. No securities are being moved to higher or lower stages within the framework.

Key Points

  • 9 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework (Stage I)
  • 4 securities moving out of ST-ASM Framework
  • No securities moving to higher stages within ST-ASM
  • No securities moving to lower stages within ST-ASM
  • Changes effective from October 28, 2025
  • Framework applies to both main board and SME scrips

Regulatory Changes

Securities Added to ST-ASM Framework (Stage I):

  1. Advance Agrolife Ltd (544562, INE1B0W01010)
  2. Ameenji Rubber Ltd (544555, INE14QA01016)
  3. Epack Prefab Technologies Ltd (544540, INE0MLS01022)
  4. Jain Resource Recycling Ltd (544537, INE0YD401026)
  5. Modern Insulators Ltd (515008, INE219W01012)
  6. Om Metallogic Ltd (544559, INE0R8Q01018)
  7. Sonalis Consumer Products Ltd (543924, INE0N5O01013)
  8. South India Paper Mills Ltd (516108, INE088G01014)
  9. Symbiox Investment & Trading Company Ltd (539278, INE653R01012)

Securities Moving Out of ST-ASM Framework:

  1. Garnet Construction Ltd (526727, INE797D01017)
  2. GM Breweries Ltd (507488, INE075D01018) - moving to LT-ASM Framework
  3. Silver Oak India Ltd (531635, INE870J01019) - moving to LT-ASM Framework
  4. Travels & Rentals Ltd (544242, INE0SG001011)

Compliance Requirements

  • Market participants must adhere to heightened surveillance measures for securities in ST-ASM framework
  • Trading in these securities will be subject to additional monitoring and restrictions
  • Securities marked with asterisk (*) are aligned with NSE framework
  • SME scrips in ST-ASM are marked with @ symbol
  • T+0 scrips shortlisted based on parent company are marked with ~ symbol

Important Dates

  • Effective Date: October 28, 2025 - All changes to ST-ASM framework become applicable

Impact Assessment

The inclusion of 9 securities in the ST-ASM framework indicates increased regulatory scrutiny due to abnormal price movements or trading patterns. Securities under this framework face:

  • Enhanced surveillance and monitoring
  • Potential trading restrictions or additional margin requirements
  • Reduced liquidity due to heightened compliance measures
  • Increased scrutiny from market participants and regulators

The movement of GM Breweries Ltd and Silver Oak India Ltd from ST-ASM to LT-ASM (Long Term Additional Surveillance Measure) suggests sustained concerns requiring longer-term monitoring. Investors and traders in these securities should exercise caution and be aware of the additional compliance and operational impacts.

Impact Justification

Short Term ASM framework significantly impacts trading conditions for listed securities, with heightened surveillance measures that can affect liquidity and trading behavior for the affected stocks.