Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework effective November 07, 2025, including new additions, stage movements, and securities moving out of the framework.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 07, 2025. The circular details 7 securities being newly shortlisted in the ST-ASM framework (5/15/30 Days), 4 securities moving out of the framework, and provides a consolidated list of all securities currently under ST-ASM Stage I surveillance.

Key Points

  • 7 securities newly shortlisted for ST-ASM framework including Bharat Bhushan Finance & Commodity Brokers Ltd, Keynote Financial Services Ltd, and LG Balakrishnan & Bros Ltd
  • 4 securities moving out of ST-ASM framework: AA Plus Tradelink Ltd, Arigato Universe Ltd, Fabtech Technologies Ltd, and Sarup Industries Ltd
  • No securities moving to higher or lower stages within the framework
  • Consolidated list shows multiple securities continuing in Stage I of ST-ASM
  • Changes effective from November 07, 2025
  • Framework includes special markings for SME scrips (@) and T+0 scrips (~)

Regulatory Changes

The Short Term Additional Surveillance Measure (ST-ASM) is a regulatory framework designed to monitor securities exhibiting abnormal price movements or volatility. Securities under this framework face additional trading restrictions based on their stage (5/15/30 days). The framework aims to protect investors and maintain market integrity.

Compliance Requirements

  • Trading members must be aware of securities entering or exiting ST-ASM framework
  • Enhanced surveillance applies to all transactions in the listed securities
  • Market participants should note the special conditions applicable to SME scrips and T+0 scrips under this framework
  • Securities in ST-ASM may have restrictions on delivery obligations and settlement cycles

Important Dates

  • Effective Date: November 07, 2025 - All changes to ST-ASM framework become applicable

Impact Assessment

Market Impact: Medium - The surveillance measure affects 7 new securities and releases 4 securities from restrictions. Traders and investors in these specific stocks will face additional compliance requirements and potential liquidity constraints.

Trading Impact: Securities newly added to ST-ASM framework will experience reduced trading activity and increased margin requirements, potentially affecting price discovery and liquidity.

Investor Impact: Investors holding positions in newly added securities should be prepared for stricter trading conditions, while those in securities moving out will see normalized trading conditions restored.

Securities Newly Added to ST-ASM (Effective Nov 07, 2025)

  1. Bharat Bhushan Finance & Commodity Brokers Ltd (511501, INE900A01013)
  2. Keynote Financial Services Ltd (512597, INE681C01015) - As per NSE
  3. LG Balakrishnan & Bros Ltd (500250, INE337A01034) - As per NSE
  4. Mufin Green Finance Ltd (542774, INE08KJ01020) - As per NSE
  5. Rajratan Global Wire Ltd (517522, INE451D01029) - As per NSE
  6. South West Pinnacle Exploration Ltd (543986, INE980Y01015) - As per NSE
  7. Worth Investment & Trading Co Ltd (538451, INE114O01020)

Securities Moving Out of ST-ASM (Effective Nov 07, 2025)

  1. AA Plus Tradelink Ltd (543319, INE0C5901022) - SME Scrip
  2. Arigato Universe Ltd (530267, INE021N01011)
  3. Fabtech Technologies Ltd (544558, INE0HF201011)
  4. Sarup Industries Ltd (514412, INE305D01019)

Impact Justification

Regular surveillance framework update affecting 11 securities with trading restrictions. Important for investors and traders in these specific stocks but limited broader market impact.