Description

BSE announces changes to the Short Term Additional Surveillance Measure (ST-ASM) framework, including 5 securities entering ST-ASM and 6 securities moving out, effective October 29, 2025.

Summary

BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective October 29, 2025. Five securities are being newly shortlisted under the ST-ASM framework, while six securities are moving out of the framework. The ST-ASM framework is designed to monitor securities showing unusual price movements or abnormal trading patterns over short periods (5/15/30 days).

Key Points

  • 5 securities newly entering Short Term 5/15/30 Days ASM Framework at Stage I
  • 6 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages within ST-ASM
  • Framework includes both mainboard and SME securities
  • Changes effective from October 29, 2025

Securities Entering ST-ASM Framework

New Securities in ST-ASM (Stage I):

  1. AA Plus Tradelink Ltd (543319, INE0C5901022) - SME Scrip
  2. Arigato Universe Ltd (530267, INE021N01011)
  3. Fabtech Technologies Ltd (544558, INE0HF201011) - As per NSE
  4. Sarup Industries Ltd (514412, INE305D01019)
  5. Shiv Texchem Ltd (544272, INE0YRO01015) - SME Scrip

Securities Moving Out of ST-ASM Framework

Securities Exiting ST-ASM:

  1. Ameenji Rubber Ltd (544555, INE14QA01016) - SME, moving to ESM Framework
  2. Chandni Machines Ltd (542627, INE01GZ01011) - moving to ESM Framework
  3. Global Vectra Helicorp Ltd (532773, INE792H01019)
  4. Onix Solar Energy Ltd (513119, INE173M01012)
  5. Rachit Prints Ltd (544503, INE0ZN101029) - SME, moving to ESM Framework
  6. Response Informatics Ltd (538273, INE401B01010) - moving to ESM Framework

Consolidated List of Securities in ST-ASM

The circular provides a consolidated list of securities currently under ST-ASM framework, including:

  • AA Plus Tradelink Ltd (Stage I)
  • Advance Agrolife Ltd (Stage I)
  • Arigato Universe Ltd (Stage I)
  • Banco Products (India) Ltd (Stage I)
  • Bhageria Industries Ltd (Stage I)
  • Bhagwati Autocast Ltd (Stage I)
  • Choksi Asia Ltd (Stage I)
  • Epack Prefab Technologies Ltd (Stage I)
  • Essex Marine Ltd (Stage I) - SME
  • Fabtech Technologies Ltd (Stage I)
  • GFL Ltd (Stage I)
  • GK Energy Ltd (Stage I)
  • Golkunda Diamonds & Jewellery Ltd (Stage I)
  • Helpage Finlease Ltd (Stage I)
  • Infinity Infoway Ltd (Stage I)

Regulatory Changes

The ST-ASM framework continues to operate with its established criteria for identifying securities with abnormal price movements or trading patterns over short timeframes. Securities may be moved between different surveillance frameworks (ST-ASM, LT-ASM, ESM, GSM, Trade for Trade, Pledge Framework) based on their trading characteristics and risk profile.

Compliance Requirements

  • Trading members must ensure compliance with enhanced surveillance measures for listed securities
  • Securities under ST-ASM are subject to additional monitoring and may have trading restrictions
  • Market participants should be aware of the applicable ASM stage and associated requirements
  • Separate identification is provided for SME scrips and T+0 scrips under the framework

Important Dates

  • Effective Date: October 29, 2025 - All changes to ST-ASM framework take effect
  • Circular Date: October 28, 2025

Impact Assessment

Market Impact: Medium - The changes affect 11 securities in total, with 5 entering and 6 exiting the ST-ASM framework. This represents routine surveillance operations to maintain market integrity.

Trading Impact: Securities entering ST-ASM will face enhanced surveillance which may include:

  • Additional margin requirements
  • Price bands or trading restrictions
  • Increased monitoring of trading patterns
  • Potential limitations on derivative positions

Investor Impact: Investors holding or trading these securities should be aware of the enhanced surveillance measures which are designed to curb excessive speculation and protect against abnormal volatility. Four of the six securities moving out are transitioning to the Enhanced Surveillance Measure (ESM) framework, indicating continued regulatory oversight through different mechanisms.

Impact Justification

Routine surveillance measure affecting 11 securities with trading restrictions to curb excessive speculation and volatility