Description
BSE announces changes to securities under Short Term ASM framework effective November 03, 2025, including new additions, exits, and consolidated list of monitored securities.
Summary
BSE has issued updates to the Short Term Additional Surveillance Measure (ST-ASM) framework 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 currently under surveillance. Securities are monitored under 5/15/30 days stages based on price volatility and trading patterns.
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 effective November 03, 2025
- No securities moving to higher or lower ASM stages within the framework
- Securities exiting ST-ASM are moving to other surveillance frameworks including LT-ASM, Trade for Trade, and ESM
- Consolidated list includes securities at Stage I of Short Term ASM
- Framework includes both main board and SME scrips
- Some securities marked with special notations for SME status and T+0 trading eligibility
Regulatory Changes
The ST-ASM framework continues BSE’s enhanced surveillance mechanism to monitor securities exhibiting abnormal price movements. Securities under this framework are subject to additional margin requirements and trading restrictions based on their stage classification. The framework operates on 5/15/30 day monitoring periods to identify and control excessive speculation.
Compliance Requirements
- Trading members must ensure compliance with additional margin requirements for securities under ST-ASM
- Investors should be aware that securities under ST-ASM may have trading restrictions
- Brokers must inform clients about the surveillance status of these securities
- Enhanced due diligence required for transactions in ST-ASM securities
Important Dates
- Effective Date: November 03, 2025 - All changes to ST-ASM framework become applicable
- Circular Date: October 31, 2025
Impact Assessment
Market Impact: Medium - Affects liquidity and trading dynamics for 22 securities (8 new additions and 14 exits). Securities entering ST-ASM may experience reduced trading volumes due to additional margin requirements.
Investor Impact: Investors holding or trading these securities will face enhanced margin requirements and potential trading restrictions. Securities moving out to Trade for Trade framework will have no intraday trading allowed.
Operational Impact: Brokers and trading systems need to update their surveillance lists and margin calculation systems before November 03, 2025. Risk management systems must be configured to handle the new securities list.
Securities Entering ST-ASM (November 03, 2025)
- Blue Cloud Softech Solutions Ltd (539607)
- G. K. P. Printing & Packaging Ltd (542666)
- Jattashankar Industries Ltd (514318)
- Megastar Foods Ltd (541352)
- PNGS Gargi Fashion Jewellery Ltd (543709) - SME
- RGF Capital Markets Ltd (539669)
- Southern Magnesium & Chemicals Ltd (513498)
- Sugal & Damani Share Brokers Ltd (511654)
Securities Exiting ST-ASM (November 03, 2025)
Moving to Trade for Trade Framework:
- Lead Financial Services Ltd (531288)
- Modern Insulators Ltd (515008)
- South India Paper Mills Ltd (516108)
- Symbiox Investment & Trading Company Ltd (539278)
Other Exits:
- Choksi Asia Ltd, GFL Ltd, GK Energy Ltd, Golkunda Diamonds & Jewellery Ltd, Jayant Infratech Ltd (SME), La Tim Metal & Industries Ltd, Mystic Electronics Ltd, Tatva Chintan Pharma Chem Ltd, Team24 Consumer Products Ltd, Vision Cinemas Ltd
Impact Justification
Regular surveillance measure update affecting multiple securities with trading implications for investors and brokers