Description

BSE announces securities shortlisted for Short Term ASM framework and securities moving out of the framework effective November 07, 2025.

Summary

BSE has announced the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework effective November 07, 2025. The circular includes three annexures: securities being newly shortlisted in ST-ASM framework (7 securities), securities moving out of ST-ASM framework (4 securities), and a consolidated list of all securities currently under ST-ASM with their respective stage classifications.

Key Points

  • 7 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 4 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower stage ASM this time
  • Changes effective from November 07, 2025
  • Consolidated list includes securities across different ST-ASM stages
  • Some securities marked with special indicators (@ for SME scrips, ~ for T+0 scrips, * for NSE-aligned securities)

Regulatory Changes

Securities Added to ST-ASM Framework (Part A - Annexure I):

  1. Bharat Bhushan Finance & Commodity Brokers Ltd (511501)
  2. Keynote Financial Services Ltd* (512597)
  3. LG Balakrishnan & Bros Ltd* (500250)
  4. Mufin Green Finance Ltd* (542774)
  5. Rajratan Global Wire Ltd* (517522)
  6. South West Pinnacle Exploration Ltd* (543986)
  7. Worth Investment & Trading Co Ltd (538451)

Securities Exiting ST-ASM Framework (Annexure II):

  1. AA Plus Tradelink Ltd@ (543319)
  2. Arigato Universe Ltd (530267)
  3. Fabtech Technologies Ltd (544558)
  4. Sarup Industries Ltd (514412)

Securities may exit ST-ASM due to inclusion in other frameworks: LT-ASM (*), Trade for Trade (**), GSM (#), Pledge Framework (^), or ESM ($).

Compliance Requirements

  • Trading members must be aware of securities under ST-ASM framework
  • Special trading restrictions apply to securities in ST-ASM
  • Securities marked @ are SME scrips with applicable SME framework rules
  • Securities marked ~ are T+0 scrips shortlisted as per parent company
  • Securities marked * follow NSE alignment
  • Different stages (I, II, III) of ST-ASM may have varying surveillance measures

Important Dates

  • Effective Date: November 07, 2025
  • Circular Date: November 06, 2025

Impact Assessment

Market Impact: The addition of 7 securities to ST-ASM framework indicates increased surveillance on these stocks due to price volatility or other market concerns. This will result in stricter trading conditions including potential margin requirements, trade-for-trade settlement, or price bands.

Trading Impact: Investors and traders in the affected securities will face additional restrictions designed to curb excessive speculation and protect market integrity. The removal of 4 securities from the framework suggests improved compliance or reduced volatility concerns.

Investor Impact: Existing holders of newly added securities may experience reduced liquidity and higher transaction costs. The measure is preventive and aims to protect retail investors from excessive volatility in these securities.

Impact Justification

Affects trading mechanisms for specific securities under surveillance. Material for traders and investors in listed stocks but routine regulatory surveillance action.