Description
BSE circular announcing securities shortlisted for Short Term ASM Framework and securities moving out of the framework, effective November 18, 2025.
Summary
BSE has announced the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework effective November 18, 2025. The circular identifies 5 securities being newly shortlisted in the ST-ASM Framework, 5 securities moving out of the framework, and provides a consolidated list of all securities currently under the framework. The ST-ASM framework is applied to securities exhibiting abnormal price movements or unusual trading patterns to ensure market integrity.
Key Points
- 5 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework effective November 18, 2025
- 5 securities moving out of ST-ASM Framework effective November 18, 2025
- No securities moving to higher or lower stages within the framework
- Includes both mainboard and SME securities (marked with @)
- Some securities from NSE also included (marked with *)
- Consolidated list provided of all securities currently under ST-ASM framework
Securities Newly Shortlisted (Effective November 18, 2025)
- Anand Rathi Share And Stock Brokers Ltd (544530, INE549H01021) - As per NSE
- GB Logistics Commerce Ltd (544348, INE0RWU01016) - SME Scrip
- Kanungo Financiers Ltd (540515, INE453S01015)
- Shree Hari Chemicals Export Ltd (524336, INE065E01017)
- Spright Agro Ltd (531205, INE179O01031)
Securities Moving Out of ST-ASM Framework (Effective November 18, 2025)
- Containe Technologies Ltd (543606, INE0M8901010) - SME Scrip
- Kairosoft AI Solutions Ltd (506122, INE820M01018)
- Panth Infinity Ltd (539143, INE945O01019)
- Shivagrico Implements Ltd (522237, INE092H01014)
- Telogica Ltd (532975, INE778I01024)
Framework Details
Securities may move out of ST-ASM Framework due to:
- Inclusion in LT-ASM Framework (marked *)
- Inclusion in Trade for Trade Framework (marked **)
- Inclusion in GSM Framework (marked #)
- Inclusion in Pledge Framework (marked ^)
- Inclusion in ESM Framework (marked $)
Important Dates
- Effective Date: November 18, 2025
- Circular Date: November 17, 2025
Impact Assessment
The ST-ASM framework applies enhanced surveillance measures to securities showing abnormal price movements or unusual trading patterns. Securities under this framework face additional restrictions that may include:
- Reduced price bands
- Increased margin requirements
- Limited trading flexibility
- Potential liquidity constraints
Investors holding or trading these securities should be aware of the enhanced surveillance measures and adjust their trading strategies accordingly. The framework is designed to protect market integrity and prevent excessive speculation.
Impact Justification
Affects trading framework for multiple securities with potential liquidity impact; routine surveillance measure affecting select securities rather than broad market-wide change