Description
BSE announces changes to Short Term ASM framework effective November 6, 2025, with 8 securities added, 1 moved to higher stage, and 9 securities removed from the framework.
Summary
BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 6, 2025. Eight securities are being newly added to the framework, one security will be moved to a higher stage ASM, and nine securities are being removed from the framework. The ST-ASM framework imposes additional surveillance measures on securities exhibiting abnormal price movements or volatility over short periods (5/15/30 days).
Key Points
- 8 securities newly shortlisted for Short Term 5/15/30 Days ASM Framework (Stage I)
- 1 security (Om Metallogic Ltd) to be moved to higher Stage ASM while continuing in ST-ASM
- 9 securities being removed from ST-ASM Framework
- 6 of the 9 securities moving out are being included in LT-ASM Framework instead
- Framework includes both mainboard and SME securities
- Some securities are aligned with NSE’s surveillance measures
Securities Added to ST-ASM (Stage I)
- Aravali Securities & Finance Ltd (512344)
- Comfort Commotrade Ltd (534691)
- Contil India Ltd (531067)
- Dredging Corporation of India Ltd (523618)*
- Fineotex Chemical Ltd (533333)*
- TD Power Systems Ltd (533553)*
- Thangamayil Jewellery Ltd (533158)*
- Unison Metals Ltd (538610)
*As per NSE alignment
Securities Moving to Higher Stage
- Om Metallogic Ltd (544559) - SME scrip moving to higher stage while remaining in ST-ASM
Securities Removed from ST-ASM
- Advance Agrolife Ltd (544562)
- Flex Foods Ltd (523672)* - Moving to LT-ASM
- IFB Agro Industries Ltd (507438)* - Moving to LT-ASM
- Jain Resource Recycling Ltd (544537)
- Kati Patang Lifestyle Ltd (531126)* - Moving to LT-ASM
- Megastar Foods Ltd (541352)* - Moving to LT-ASM
- Sacheta Metals Ltd (531869)
- Shankara Building Products Ltd (540425)
- Sonalis Consumer Products Ltd (543924) - SME scrip
Regulatory Changes
The Short Term ASM framework is a surveillance mechanism to monitor securities with abnormal price movements over short durations. Securities under this framework face additional compliance requirements and may have trading restrictions such as:
- Higher margin requirements
- Price bands
- Trade-for-trade settlement
- Reduced market liquidity
Movement between stages (higher/lower) depends on continued price behavior and volatility patterns.
Compliance Requirements
- Market participants trading in affected securities must ensure adequate margin availability
- Investors should be aware of the surveillance status before trading
- Brokers must inform clients about securities under ST-ASM framework
- Trading in these securities may be subject to additional surveillance measures including enhanced margins and price bands
Important Dates
- Effective Date: November 6, 2025 - All changes to ST-ASM framework become applicable
- Circular Date: November 4, 2025
Impact Assessment
Market Impact: The addition of 8 securities to ST-ASM will result in increased trading costs and potentially reduced liquidity for these stocks. Investors may face higher margin requirements and stricter price bands.
Operational Impact: The removal of 9 securities provides relief, though 6 are transitioning to Long Term ASM (LT-ASM), indicating persistent concerns. Only 3 securities are being completely freed from additional surveillance.
Investor Impact: Traders in affected securities need to adjust strategies accounting for enhanced surveillance measures. The movement of Om Metallogic Ltd to a higher stage indicates escalating concerns requiring closer monitoring.
Compliance Impact: Market intermediaries must update their systems and client communications to reflect the new surveillance status of these securities by the effective date.
Impact Justification
Affects trading conditions for 18 securities through addition, removal, or stage changes in ST-ASM framework, impacting liquidity and trading costs for these stocks