Description
BSE announces inclusion and exclusion of securities in the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 10, 2025.
Summary
BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 10, 2025. Eleven securities are being newly included in the ST-ASM framework, while eleven securities are moving out. No securities are being moved to higher or lower stage ASM during this update. The circular includes a consolidated list of all securities currently under ST-ASM surveillance.
Key Points
- 11 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
- 11 securities moving out of ST-ASM Framework
- No securities moving to higher or lower ASM stages
- Changes effective from November 10, 2025
- Framework includes both mainboard and SME scrips
- Some securities exiting ST-ASM are moving to other surveillance frameworks (LT-ASM, ESM)
Securities Being Added to ST-ASM (Effective November 10, 2025)
- AA Plus Tradelink Ltd (543319, INE0C5901022) - SME
- Containe Technologies Ltd (543606, INE0M8901010) - SME
- Exxaro Tiles Ltd (543327, INE0GFE01026)
- One Global Service Provider Ltd (514330, INE670O01013)
- Panth Infinity Ltd (539143, INE945O01019)
- Sarup Industries Ltd (514412, INE305D01019)
- SBL Infratech Ltd (543366, INE0DLM01024) - SME
- Shivagrico Implements Ltd (522237, INE092H01014)
- Suryo Foods & Industries Ltd (519604, INE565E01016)
- Telogica Ltd (532975, INE778I01024)
- Trade Wings Ltd (509953, INE961E01017)
Securities Moving Out of ST-ASM (Effective November 10, 2025)
- Bhagyanagar India Ltd (512296, INE458B01036)
- Bharat Wire Ropes Ltd (539799, INE316L01019)
- Contil India Ltd (531067, INE080G01029) - Moving to ESM Framework
- Dhillon Freight Carrier Ltd (544556, INE0SPJ01011) - SME
- Epack Prefab Technologies Ltd (544540, INE0MLS01022) - Moving to LT-ASM
- Hatsun Agro Product Ltd (531531/131531, INE473B01035)
- Hindustan Bio Sciences Ltd (532041, INE597C01021)
- RGF Capital Markets Ltd (539669, INE684D01025) - Moving to LT-ASM
- Switching Technologies Gunther Ltd (517201, INE311D01017)
- Worth Investment & Trading Co Ltd (538451, INE114O01020) - Moving to LT-ASM
Regulatory Changes
The ST-ASM framework continues to be applied based on BSE’s surveillance criteria for securities exhibiting unusual price movements or volatility. Securities can enter or exit the framework based on their trading behavior and may transition to other surveillance measures such as Long Term ASM (LT-ASM), Enhanced Surveillance Measure (ESM), Trade for Trade, Graded Surveillance Measure (GSM), or Pledge Framework.
Compliance Requirements
- Trading members must note the securities under ST-ASM and comply with the framework requirements
- Securities under ST-ASM are subject to specific trading restrictions including price bands and position limits
- Market participants should review their positions in affected securities
- SME scrips and T+0 scrips have special designations within the framework
Important Dates
- Circular Date: November 7, 2025
- Effective Date: November 10, 2025 (for all inclusions and exclusions)
Impact Assessment
The ST-ASM framework is designed to curb excessive speculation and protect investor interests in securities showing abnormal price movements. Securities entering the framework will face enhanced surveillance and trading restrictions, which may impact liquidity and trading volumes. Securities exiting ST-ASM either showed normalized trading patterns or are being moved to other appropriate surveillance frameworks. Market participants holding positions in the 11 newly included securities should prepare for stricter trading conditions, while those in exiting securities may see normalized trading (unless moved to another restrictive framework like LT-ASM or ESM).
Impact Justification
Affects trading conditions for 11 new securities entering ST-ASM and 11 securities exiting the framework. Medium impact as it involves surveillance measures on specific stocks rather than broad market changes.