Description
BSE announces addition and removal of securities from Short Term Additional Surveillance Measure (ST-ASM) framework effective November 13, 2025.
Summary
BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 13, 2025. Seven securities are being newly shortlisted into the ST-ASM framework, one security will move to a lower ASM stage while continuing in the framework, and seventeen securities are being removed from the ST-ASM framework (some moving to other surveillance frameworks).
Key Points
- 7 new securities shortlisted in Short Term 5/15/30 Days ASM Framework
- 1 security (Pace E-Commerce Ventures Ltd) moving to lower Stage ASM while remaining in framework
- 17 securities moving out of ST-ASM Framework
- 4 of the removed securities are SME scrips
- Changes include movements to LT-ASM, ESM, and GSM frameworks
- Effective date: November 13, 2025
Securities Added to ST-ASM (Effective November 13, 2025)
- AVI Polymers Ltd (539288, INE897N01014)
- Concord Drugs Ltd (538965, INE858L01010)
- Fischer Medical Ventures Ltd (524743, INE771F01041)
- Gretex Corporate Services Ltd (543324, INE199P01028)
- Madhuveer Com 18 Network Ltd (531910, INE312M01016)
- SK Minerals & Additives Ltd (544584, INE13YH01017) - SME
- Supertech Ev Ltd (544428, INE0SC101013) - SME
Securities Moving to Lower ASM Stage
- Pace E-Commerce Ventures Ltd (543637, INE0N1L01018) - SME
Securities Removed from ST-ASM (Effective November 13, 2025)
- Ador Multiproducts Ltd - Moving to GSM Framework
- Anna Infrastructures Ltd
- Atishay Ltd
- Chemcrux Enterprises Ltd
- Faalcon Concepts Ltd - SME
- HB Leasing & Finance Company Ltd
- Infonative Solutions Ltd - SME
- Khandelwal Extractions Ltd
- Maxheights Infrastructure Ltd
- Mish Designs Ltd - SME
- Pasupati Acrylon Ltd
- Rapicut Carbides Ltd
- Retaggio Industries Ltd - SME, Moving to ESM Framework
- Sarup Industries Ltd - Moving to ESM Framework
- Shyamkamal Investments Ltd
- Thangamayil Jewellery Ltd - Moving to LT-ASM Framework
- Twamev Construction And Infrastructure Ltd
Regulatory Changes
The Short Term Additional Surveillance Measure (ST-ASM) is a risk management framework applied to securities showing abnormal price movements or volume patterns. Securities in this framework face enhanced surveillance including price bands, trade-for-trade settlement, or other restrictions based on the ASM stage.
Compliance Requirements
- Market participants must note the enhanced surveillance conditions applicable to newly added securities
- Trading in affected securities will be subject to ST-ASM framework conditions from November 13, 2025
- Investors should be aware of potential trading restrictions including additional margin requirements or delivery-based settlement
- For securities moving to other frameworks (LT-ASM, ESM, GSM), respective framework conditions will apply
Important Dates
- Effective Date: November 13, 2025 - All ST-ASM changes become applicable
Impact Assessment
Market Impact: The addition of 7 securities to ST-ASM indicates heightened regulatory scrutiny due to unusual price/volume behavior. These securities will face trading restrictions designed to curb excessive speculation.
Investor Impact: Traders in the 7 newly listed securities should expect stricter trading conditions. The 17 securities exiting ST-ASM may see normalized trading conditions, though some are moving to other surveillance frameworks with their own restrictions.
Operational Impact: Brokers and trading members must update their systems to reflect the new surveillance categorization and ensure appropriate margin and settlement processes are applied from November 13, 2025.
Impact Justification
Affects trading conditions for 24 securities through ST-ASM framework changes, impacting market surveillance and investor trading behavior for these specific stocks