Description
BSE circular announcing securities being added to, removed from, or continuing in the Short Term Additional Surveillance Measure framework effective November 03, 2025.
Summary
BSE has issued a circular regarding the applicability of Short Term Additional Surveillance Measure (ST-ASM) effective November 03, 2025. The circular identifies 8 securities being newly shortlisted under the ST-ASM framework, 14 securities moving out of the framework, and provides a consolidated list of all securities under ST-ASM surveillance.
Key Points
- 8 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework from November 03, 2025
- 14 securities moving out of ST-ASM Framework from November 03, 2025
- No securities moving to higher or lower stages within ST-ASM framework
- Some securities moving out due to inclusion in other surveillance frameworks (LT-ASM, Trade for Trade, etc.)
- Framework includes both regular securities and SME scrips
Securities Being Added to ST-ASM (November 03, 2025)
- Blue Cloud Softech Solutions Ltd (539607, INE373T01047)
- G. K. P. Printing & Packaging Ltd (542666, INE05QJ01015)
- Jattashankar Industries Ltd (514318, INE722N01014)
- Megastar Foods Ltd (541352, INE00EM01016)
- PNGS Gargi Fashion Jewellery Ltd (543709, INE0NT601018) - SME Scrip
- RGF Capital Markets Ltd (539669, INE684D01025)
- Southern Magnesium & Chemicals Ltd (513498, INE308N01012)
- Sugal & Damani Share Brokers Ltd (511654, INE309D01011)
Securities Moving Out of ST-ASM (November 03, 2025)
- Choksi Asia Ltd (530427, INE865B01016)
- GFL Ltd (500173, INE538A01037)
- GK Energy Ltd (544525, INE1AG301022)
- Golkunda Diamonds & Jewellery Ltd (523676, INE798D01015)
- Jayant Infratech Ltd (543544, INE0KR801019) - SME Scrip
- La Tim Metal & Industries Ltd (505693, INE501N01020)
- Lead Financial Services Ltd (531288, INE531D01010) - Moving to Trade for Trade
- Modern Insulators Ltd (515008, INE219W01012) - Moving to Trade for Trade
- Mystic Electronics Ltd (535205, INE159O01033)
- South India Paper Mills Ltd (516108, INE088G01014) - Moving to Trade for Trade
- Symbiox Investment & Trading Company Ltd (539278, INE653R01012) - Moving to Trade for Trade
- Tatva Chintan Pharma Chem Ltd (543321, INE0GK401011)
- Team24 Consumer Products Ltd (500458, INE601A01017)
- Vision Cinemas Ltd (526441, INE515B01025)
Regulatory Changes
The Short Term Additional Surveillance Measure (ST-ASM) framework continues to be applied with 5/15/30 day monitoring stages. Securities are shortlisted based on surveillance parameters and may transition between different surveillance frameworks including LT-ASM, Trade for Trade, GSM, Pledge Framework, and ESM Framework.
Compliance Requirements
- Market participants must note the revised list of securities under ST-ASM framework
- Trading in newly added securities will be subject to ST-ASM restrictions from November 03, 2025
- Securities moving to Trade for Trade framework will have different trading restrictions
- Investors and traders should review position limits and margin requirements for affected securities
Important Dates
- Effective Date: November 03, 2025 - New ST-ASM classifications become applicable
Impact Assessment
Market Impact: The addition of 8 securities to ST-ASM framework will result in enhanced surveillance and potentially reduced liquidity in these stocks. The removal of 14 securities (particularly those moving to Trade for Trade) indicates transition to different regulatory oversight mechanisms.
Trading Impact: Securities under ST-ASM face stricter monitoring, potential price bands, and enhanced margin requirements. Four securities moving to Trade for Trade framework will have intraday trading restrictions removed, requiring delivery-based settlement.
Investor Impact: Investors holding positions in newly added ST-ASM securities should be aware of potential liquidity constraints and enhanced volatility monitoring. Those in securities moving out should understand the implications of their new surveillance category.
Impact Justification
Affects trading conditions for 8 newly included securities and removes 14 securities from ST-ASM framework, impacting liquidity and trading parameters for these stocks