Description
BSE announces securities shortlisted for Short Term ASM framework effective October 30, 2025, including 15 new securities and 3 securities moving out of the framework.
Summary
BSE has announced the applicability of Short Term Additional Surveillance Measure (ST-ASM) effective October 30, 2025. The circular identifies 15 securities being shortlisted into the ST-ASM Framework, 3 securities moving out of the framework, and provides a consolidated list of all securities currently under surveillance. The ST-ASM framework applies enhanced monitoring to securities exhibiting unusual price movements or trading patterns.
Key Points
- 15 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework effective October 30, 2025
- 3 securities moving out of ST-ASM Framework (1 moving to LT-ASM)
- No securities moving to higher or lower stage ASM within the framework
- Framework includes both regular and SME scrips
- Some securities marked with NSE designation for cross-exchange alignment
- T+0 scrips included based on parent company classification
Regulatory Changes
The Short Term ASM framework operates in stages (5/15/30 days) with enhanced surveillance measures including:
- Price bands and trading restrictions
- Enhanced margin requirements
- Additional disclosure obligations
- Periodic review for continuation or exit from framework
Securities can move between different surveillance frameworks (ST-ASM, LT-ASM, GSM, ESM, Trade for Trade, Pledge Framework) based on ongoing monitoring.
Compliance Requirements
- Trading members must apply appropriate surveillance measures to affected securities
- Enhanced margin requirements must be collected from clients
- Risk management systems must be updated to reflect surveillance status
- Clients must be informed about trading restrictions on these securities
Important Dates
- Effective Date: October 30, 2025 - New ST-ASM classifications become applicable
Impact Assessment
Market Impact: Medium - affects 15 securities entering surveillance and 3 exiting. Trading in these securities will face enhanced restrictions including potential price bands and margin requirements.
Operational Impact: Trading members must update risk management systems and client communication. Investors holding these securities may face reduced liquidity and higher margin requirements.
Securities Entering ST-ASM Stage I:
- Adcon Capital Services Ltd
- Bhagyanagar India Ltd
- Bharat Wire Ropes Ltd
- Continental Controls Ltd
- Dhillon Freight Carrier Ltd (SME)
- DSM Fresh Foods Ltd (SME)
- Groarc Industries India Ltd
- Hatsun Agro Product Ltd
- Hatsun Agro Products Ltd (T+0)
- Hindustan Bio Sciences Ltd
- IFB Agro Industries Ltd
- Lancer Container Lines Ltd
- Riddhi Steel and Tube Ltd (SME)
- Switching Technologies Gunther Ltd
- Vivaa Tradecom Ltd (SME)
Securities Exiting ST-ASM:
- Bhagwati Autocast Ltd
- John Cockerill India Ltd
- Jetking Infotrain Ltd (moving to LT-ASM)
Impact Justification
Routine surveillance measure affecting 15 securities entering and 3 securities exiting ST-ASM framework. Medium impact as it restricts trading flexibility for affected securities.