Description
BSE announces securities being added to, moved within, or removed from the Long Term Additional Surveillance Measure (LT-ASM) framework effective November 10, 2025.
Summary
BSE has issued updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective November 10, 2025. Six securities are being newly added to LT-ASM, two securities are being moved to lower ASM stages, two securities (KIOCL Ltd) are being directly placed in Stage IV, and eight securities are being removed from the framework. No securities are being moved to higher stages.
Key Points
- 6 securities newly shortlisted in Long Term ASM Framework
- 2 securities moved to lower ASM stages (CarTrade Tech Ltd to Stage I, Dhyaani Tradeventtures Ltd to Stage I)
- 2 securities (KIOCL Ltd) directly placed in Stage IV under Long Term ASM Framework
- 8 securities moving out of Long Term ASM Framework
- Changes effective from November 10, 2025
- Some securities moved out due to inclusion in other frameworks (Trade for Trade, GSM, ESM, IBC)
Securities Added to LT-ASM (Part A)
- Chothani Foods Ltd (540681)
- Epack Prefab Technologies Ltd (544540) - As per NSE
- Onelife Capital Advisors Ltd (533632)
- PURPLE FINANCE LIMITED (544191)
- RGF Capital Markets Ltd (539669)
- Worth Investment & Trading Co Ltd (538451)
Securities Moved to Lower Stages (Part C)
- CarTrade Tech Ltd (543333) - Moved to ASM Stage I
- Dhyaani Tradeventtures Ltd (543516) - Moved to ASM Stage I
Securities Directly Placed in Stage IV (Part D)
- KIOCL Ltd (540680) - Moved to ASM Stage IV (As per Non Promoter Holding)
- KIOCL Limited (140680) - T+0 Scrip, Moved to ASM Stage IV (shortlisted as per parent company)
Securities Moving Out of LT-ASM (Annexure II)
- Cospower Engineering Ltd (543172)
- Libord Finance Ltd (511593) - Moved to ESM Framework
- Modella Woollens Ltd (503772)
- Nelcast Ltd (532864)
- Parshva Enterprises Ltd (542694)
- PS IT Infrastructure & Services Ltd (505502)
- S. V. J. ENTERPRISES Ltd (543799) - Moved to ESM Framework
- Vantage Knowledge Academy Ltd (539761)
Regulatory Changes
The Long Term ASM framework is designed to alert investors about securities with abnormal price movements or other concerns. Securities under LT-ASM face trading restrictions including 100% upfront margin requirements and price bands. The framework includes multiple stages (I through IV) with progressively stricter surveillance measures.
Compliance Requirements
- Trading members must ensure 100% upfront margin for all transactions in LT-ASM securities
- Investors should be aware of enhanced surveillance and associated trading restrictions
- Securities in higher ASM stages face more stringent trading conditions
- T+0 settlement scrips are also subject to LT-ASM based on parent company classification
Important Dates
- Effective Date: November 10, 2025
- All changes to LT-ASM classifications take effect from market opening on this date
Impact Assessment
The LT-ASM framework impacts liquidity and trading activity in affected securities. For the six newly added securities, investors will face enhanced margin requirements and potential price restrictions. The downgrade of CarTrade Tech and Dhyaani Tradeventtures to Stage I provides some relief with reduced surveillance intensity. KIOCL’s direct placement in Stage IV indicates significant surveillance concerns. Securities moving out of LT-ASM will see easing of trading restrictions, though some have been moved to other surveillance frameworks (ESM) which may maintain similar restrictions.
Impact Justification
Affects multiple securities with enhanced surveillance measures that restrict trading activity, but impacts a limited set of stocks