Description

BSE announces changes to the Short Term Additional Surveillance Measure (ST-ASM) framework with 11 securities being added, 11 securities moving out, and no securities changing stages, effective November 10, 2025.

Summary

BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 10, 2025. The framework aims to monitor securities exhibiting unusual price movements or volatility. Eleven securities are being newly added to the ST-ASM framework (Stage I), while eleven securities are moving out of the framework. No securities are being moved to higher or lower stages within the framework. The list includes both regular securities and SME scrips.

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 stages within ST-ASM
  • No securities moving to lower stages within ST-ASM
  • Changes effective from November 10, 2025
  • Framework includes both regular market securities and SME scrips
  • Some securities moving out due to inclusion in other surveillance frameworks (LT-ASM, ESM)

Securities Added to ST-ASM (Stage I)

  1. AA Plus Tradelink Ltd (543319, INE0C5901022) - SME
  2. Containe Technologies Ltd (543606, INE0M8901010) - SME
  3. Exxaro Tiles Ltd (543327, INE0GFE01026)
  4. One Global Service Provider Ltd (514330, INE670O01013)
  5. Panth Infinity Ltd (539143, INE945O01019)
  6. Sarup Industries Ltd (514412, INE305D01019)
  7. SBL Infratech Ltd (543366, INE0DLM01024) - SME
  8. Shivagrico Implements Ltd (522237, INE092H01014)
  9. Suryo Foods & Industries Ltd (519604, INE565E01016)
  10. Telogica Ltd (532975, INE778I01024)
  11. Trade Wings Ltd (509953, INE961E01017)

Securities Moving Out of ST-ASM

  1. Bhagyanagar India Ltd (512296, INE458B01036)
  2. Bharat Wire Ropes Ltd (539799, INE316L01019)
  3. Contil India Ltd (531067, INE080G01029) - Moving to ESM Framework
  4. Dhillon Freight Carrier Ltd (544556, INE0SPJ01011) - SME
  5. Epack Prefab Technologies Ltd (544540, INE0MLS01022) - Moving to LT-ASM
  6. Hatsun Agro Product Ltd (531531/131531, INE473B01035)
  7. Hindustan Bio Sciences Ltd (532041, INE597C01021)
  8. RGF Capital Markets Ltd (539669, INE684D01025) - Moving to LT-ASM
  9. Switching Technologies Gunther Ltd (517201, INE311D01017)
  10. Worth Investment & Trading Co Ltd (538451, INE114O01020) - Moving to LT-ASM

Regulatory Changes

The Short Term Additional Surveillance Measure (ST-ASM) framework continues to be applied to securities showing unusual price movements or volatility patterns. Securities can be moved between different surveillance frameworks based on their risk profile:

  • ST-ASM: Short-term surveillance (5/15/30 days)
  • LT-ASM: Long-term Additional Surveillance Measure
  • ESM: Enhanced Surveillance Measure
  • GSM: Graded Surveillance Measure
  • Trade for Trade Framework
  • Pledge Framework

Compliance Requirements

  • Market participants must be aware of securities under ST-ASM framework
  • Trading in ST-ASM securities may be subject to additional restrictions
  • Brokers and traders should review their positions in affected securities
  • Enhanced margin requirements may apply to securities under surveillance
  • Market participants should monitor for any subsequent stage changes

Important Dates

  • Circular Date: November 7, 2025
  • Effective Date: November 10, 2025

Impact Assessment

The addition of 11 securities to the ST-ASM framework indicates heightened regulatory scrutiny on these stocks due to unusual price movements or volatility. This will likely result in:

  • Increased trading restrictions and margin requirements for affected securities
  • Enhanced monitoring by the exchange
  • Potential reduction in liquidity for these securities
  • Investors should exercise caution when trading these stocks
  • Three SME scrips are included in the new additions, reflecting volatility in the SME segment
  • Securities moving out to other frameworks (LT-ASM, ESM) will continue under different surveillance mechanisms
  • Overall market impact is limited as this affects specific securities only

Impact Justification

Routine surveillance measure affecting 22 securities with potential trading restrictions. Impacts market participants trading these specific stocks but is part of regular exchange risk management framework.