Description

BSE updates the list of securities under Long Term Additional Surveillance Measure framework, adding 3 new securities and moving 2 securities out effective October 29, 2025.

Summary

BSE has announced updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective October 29, 2025. Three securities have been newly shortlisted for inclusion: Mahip Industries Ltd, NMS Resources Global Ltd, and Shubham Polyspin Ltd. Additionally, Megasoft Ltd will be moved to ASM Stage II (higher stage) while continuing in the LT-ASM framework. Two securities, Binny Mills Ltd and Bombay Talkies Ltd, are being moved out of the LT-ASM framework due to their inclusion in the GSM (Graded Surveillance Measure) framework.

Key Points

  • 3 new securities added to Long Term ASM Framework: Mahip Industries Ltd (542503), NMS Resources Global Ltd (522289), and Shubham Polyspin Ltd (542019)
  • Megasoft Ltd (532408) moved to higher ASM Stage II while continuing in LT-ASM framework
  • 2 securities exiting LT-ASM: Binny Mills Ltd (535620) and Bombay Talkies Ltd (511246)
  • No securities moved to lower ASM stages
  • No securities shortlisted for direct Stage IV LT-ASM
  • Consolidated list includes securities across ASM Stage I and Stage II

Regulatory Changes

The LT-ASM framework continues to operate as a surveillance mechanism for securities exhibiting concerning price movements or trading patterns over longer periods. Securities under this framework face additional trading restrictions and surveillance measures designed to protect investor interests and maintain market integrity.

Compliance Requirements

  • Trading members must ensure compliance with ASM framework requirements for affected securities
  • Enhanced surveillance and monitoring obligations apply to securities in LT-ASM
  • Position limits and pricing restrictions as per ASM stage requirements must be followed
  • Members should update their systems to reflect the new classifications

Important Dates

  • Effective Date: October 29, 2025 - All changes to LT-ASM framework become applicable

Impact Assessment

Securities Added (Stage I LT-ASM):

  • Mahip Industries Ltd (INE00CX01017)
  • NMS Resources Global Ltd (INE169F01014)
  • Shubham Polyspin Ltd (INE01J501010)

Securities Upgraded:

  • Megasoft Ltd (INE933B01012) - Moved to ASM Stage II, indicating heightened surveillance concerns

Securities Removed:

  • Binny Mills Ltd - Moved to GSM framework
  • Bombay Talkies Ltd - Moved to GSM framework

Investors holding or trading these securities should be aware that LT-ASM classification typically indicates regulatory concerns about price volatility, market manipulation risks, or other surveillance triggers. Trading in these securities may face additional restrictions including higher margins, price bands, and trading frequency limits.

Impact Justification

Affects trading in specific securities under surveillance framework. Limited to 3 new additions and 2 exits, with 1 security moving to higher ASM stage.