Description
BSE announces inclusion of 10 securities in LT-ASM framework, movement of 1 security to higher stage, and exclusion of 1 security, effective November 20, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective November 20, 2025. Ten securities have been newly shortlisted into the LT-ASM framework, one security (Priya Ltd) will be moved to a higher ASM Stage II while continuing in LT-ASM, and one security (Asarfi Hospital Ltd) will exit the framework due to inclusion in the Enhanced Surveillance Measure (ESM) framework.
Key Points
- 10 securities newly included in Long Term ASM framework
- Priya Ltd to be moved to ASM Stage II while remaining in LT-ASM
- Asarfi Hospital Ltd moving out of LT-ASM due to ESM inclusion
- No securities moving to lower ASM stages
- No securities being directly placed in Stage IV LT-ASM
- Changes effective from November 20, 2025
- Consolidated list includes 7+ securities across various ASM stages
Securities Added to LT-ASM (Part A)
- Catvision Ltd (531158)
- Chennai Petroleum Corporation Ltd (500110)
- Colorchips New Media Ltd (540023)
- Energy Development Company Ltd (532219)
- Fischer Medical Ventures Ltd (524743)
- Gujarat Inject Kerala Ltd (524238)
- Kabra Drugs Ltd (524322)
- Rishab Special Yarns Ltd (514177)
- Shreyas Intermediates Ltd (526335)
- Sizemasters Technology Ltd (513496)
Securities Moving to Higher Stage (Part B)
- Priya Ltd (524580) - Moving to ASM Stage II while continuing in LT-ASM
Securities Exiting LT-ASM (Part C)
- Asarfi Hospital Ltd (543943) - Moving out due to inclusion in ESM Framework
Regulatory Framework
The Long Term ASM framework is designed to alert investors about securities exhibiting abnormal price movements or unusual trading patterns over an extended period. Securities under this framework are subject to:
- Enhanced disclosure requirements
- Additional margin requirements
- Position limits for traders
- Graded surveillance stages (I through IV) with progressively stringent measures
Compliance Requirements
- Trading members must ensure compliance with enhanced margin requirements for affected securities
- Investors should be aware of position limits and trading restrictions
- Market participants must adhere to the specific conditions applicable to each ASM stage
- All trades in LT-ASM securities subject to additional surveillance parameters
Important Dates
- Effective Date: November 20, 2025
- Circular Date: November 19, 2025
Impact Assessment
Market Impact: Medium - The inclusion of 10 securities in LT-ASM and upgrade of 1 security to higher stage will result in increased trading costs through higher margins and reduced liquidity due to position limits. This may lead to lower trading volumes in affected securities.
Investor Impact: Investors holding or trading these securities will face higher margin requirements and potential position restrictions, affecting their ability to take large positions or conduct short-term trading strategies.
Risk Mitigation: The framework serves as a cautionary measure to protect investors from securities with abnormal price patterns, potentially preventing losses from excessive speculation or manipulation attempts.
Impact Justification
Affects 11 securities with enhanced surveillance measures that impact trading conditions, including increased margins and position limits for investors