Description
BSE announces changes to securities under Short Term Additional Surveillance Measure framework, with 3 new securities added, 1 moved to lower stage, and 9 securities moving out effective November 14, 2025.
Summary
BSE has issued updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 14, 2025. Three securities have been newly shortlisted for ST-ASM Stage I, one security continues in the framework but moves to a lower stage, and nine securities are being removed from the ST-ASM framework. The consolidated list shows 14 securities currently under ST-ASM Stage I monitoring.
Key Points
- 3 new securities added to ST-ASM Stage I: Anjani Foods Ltd, Pearl Global Industries Ltd, and Yatra Online Ltd
- Om Metallogic Ltd (SME scrip) moves to lower stage within ST-ASM framework
- 9 securities moving out of ST-ASM framework
- Some securities moving out are being placed in other surveillance frameworks (LT-ASM, GSM, ESM, Trade for Trade, or Pledge Framework)
- Changes become effective from November 14, 2025
- Framework includes both main board and SME scrips
- Pearl Global Industries Ltd and Yatra Online Ltd marked as per NSE coordination
Regulatory Changes
No new regulatory framework changes. This circular represents routine updates to the existing Short Term Additional Surveillance Measure (ST-ASM) framework, which uses 5/15/30 days monitoring stages to track securities showing abnormal price movements or trading patterns.
Compliance Requirements
- Trading members must be aware of securities under ST-ASM framework
- Enhanced surveillance and monitoring applies to listed securities
- Securities in ST-ASM may have additional margin requirements or trading restrictions
- Market participants should review their positions in affected securities
- Brokers must ensure appropriate risk management for securities under surveillance
Important Dates
- Effective Date: November 14, 2025 - All changes to ST-ASM framework become applicable
Impact Assessment
Market Impact: Securities newly added to ST-ASM framework may experience reduced liquidity and increased volatility as additional surveillance measures take effect. The framework is designed to protect investors from excessive speculation.
Trading Impact: Securities under ST-ASM typically face stricter margin requirements and may be subject to additional reporting obligations. Traders holding positions in these securities should prepare for potential liquidity constraints.
Investor Impact: The movement of 9 securities out of ST-ASM framework (some into other surveillance measures like LT-ASM) indicates ongoing regulatory monitoring. Investors should exercise caution with all listed securities and understand the specific surveillance framework applicable to their holdings.
Annexure I - New and Continuing Securities
New Securities in ST-ASM Stage I:
- Anjani Foods Ltd (511153, INE096I01021)
- Pearl Global Industries Ltd (532808, INE940H01022)
- Yatra Online Ltd (543992, INE0JR601024)
Moving to Lower Stage:
- Om Metallogic Ltd (544559, INE0R8Q01018) - SME Scrip
Annexure II - Securities Moving Out
9 Securities Exiting ST-ASM Framework:
- Aravali Securities & Finance Ltd
- Comfort Commotrade Ltd
- Concord Drugs Ltd (moving to LT-ASM)
- Dredging Corporation of India Ltd
- Fineotex Chemical Ltd
- Murae Organisor Ltd
- Swati Projects Ltd (SME, moving to LT-ASM)
- TD Power Systems Ltd
- Unison Metals Ltd
Annexure III - Consolidated List
The circular provides a consolidated list of 14+ securities remaining under ST-ASM Stage I framework, including both main board and SME platform securities. Notable entries include Chennai Petroleum Corporation Ltd, Gallantt Ispat Ltd, and Fischer Medical Ventures Ltd.
Impact Justification
Regular surveillance measure update affecting multiple securities with trading restrictions. Impacts specific stocks under heightened monitoring but part of routine surveillance framework.