Description

BSE announces securities being added to, moved within, and removed from the Long Term Additional Surveillance Measure (LT-ASM) framework effective November 07, 2025.

Summary

BSE has updated the list of securities under the Long Term Additional Surveillance Measure (LT-ASM) framework effective November 07, 2025. Two securities have been newly shortlisted: Duke Offshore Ltd (Scrip Code: 531471) and Libord Finance Ltd (Scrip Code: 511593). One security, Continental Controls Ltd, is being removed from the framework due to its inclusion in the ESM Framework. No securities are being moved to higher or lower ASM stages within the LT-ASM framework.

Key Points

  • Two new securities added to Long Term ASM Framework: Duke Offshore Ltd and Libord Finance Ltd
  • Continental Controls Ltd moved out of LT-ASM Framework due to inclusion in ESM Framework
  • No securities moved to higher or lower ASM stages within LT-ASM
  • No securities directly placed in Stage IV under notice no.20210604-41
  • Consolidated list includes numerous securities across different ASM stages (I through IV)
  • Changes effective from November 07, 2025

Regulatory Changes

The Long Term ASM Framework is a surveillance measure designed to alert investors about securities exhibiting abnormal price movements or trading patterns. Securities under this framework are subject to enhanced monitoring and may have trading restrictions. The framework operates in multiple stages (I, II, III, IV) with progressively stricter surveillance measures.

Securities can move between different surveillance frameworks (LT-ASM, GSM, ESM, IBC, Trade for Trade) based on their trading characteristics and compliance status.

Compliance Requirements

  • Market participants should be aware of securities under LT-ASM and the applicable trading restrictions
  • Enhanced due diligence required when trading securities under surveillance measures
  • Investors should exercise caution when dealing with securities listed in the LT-ASM framework
  • Trading members must comply with all surveillance framework requirements for affected securities

Important Dates

  • Effective Date: November 07, 2025 - Changes to LT-ASM framework become applicable

Impact Assessment

Market Impact: Limited impact as only 2 securities are newly added to the framework. The LT-ASM framework serves as an investor alert mechanism for securities with unusual trading patterns.

Affected Securities:

  • Duke Offshore Ltd (531471, INE397G01019) - Newly added to LT-ASM
  • Libord Finance Ltd (511593, INE212B01011) - Newly added to LT-ASM
  • Continental Controls Ltd (531460, INE545B01022) - Removed from LT-ASM, moved to ESM Framework

Investor Impact: Investors holding or trading these securities should be aware of the enhanced surveillance status and exercise appropriate caution. Securities under LT-ASM may face trading restrictions and heightened scrutiny.

Operational Impact: Trading in newly added securities will be subject to LT-ASM framework conditions including potential price bands, additional margins, or other restrictions as per BSE surveillance guidelines.

Impact Justification

Affects specific securities under enhanced surveillance but limited to 2 new additions; routine surveillance framework update