Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework, with 6 securities newly added and 7 securities removed, effective November 24, 2025.

Summary

BSE has issued an update on the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework. Six securities are being newly added to the ST-ASM framework, while seven securities are being removed. The changes will be effective from November 24, 2025. The circular includes a consolidated list of 14 securities currently under ST-ASM Stage I.

Key Points

  • 6 securities newly shortlisted for ST-ASM framework (5/15/30 Days) effective November 24, 2025
  • 7 securities moving out of ST-ASM framework on the same date
  • No securities moving to higher or lower stage ASM
  • All newly added securities are placed in Stage I
  • 3 of the newly added securities are SME scrips (marked with @)
  • Securities moving out include 1 moving to ESM framework and 3 SME scrips

Newly Added Securities (Annexure I - Part A)

  1. AK Capital Services Ltd (530499, INE701G01012)
  2. Bampsl Securities Ltd (531591, INE802A01037)
  3. Dhampure Specialty Sugars Ltd (531923, INE956B01013)
  4. Eighty Jewellers Ltd@ (543518, INE0KSN01014) - SME
  5. Safecure Services Ltd@ (544596, INE0SVZ01015) - SME
  6. Shanmuga Hospital Ltd@ (544365, INE0TD301017) - SME

Securities Removed (Annexure II - Part A)

  1. Anjani Foods Ltd (511153, INE096I01021)
  2. AVI Polymers Ltd$ (539288, INE897N01014) - Moving to ESM Framework
  3. DSM Fresh Foods Ltd@ (544568, INE0SUM01015) - SME
  4. Om Metallogic Ltd@ (544559, INE0R8Q01018) - SME
  5. Pearl Global Industries Ltd (532808, INE940H01022)
  6. Vivaa Tradecom Ltd@ (544002, INE0PA601017) - SME
  7. Yatra Online Ltd (543992, INE0JR601024)

Regulatory Framework

The Short Term ASM framework operates with three stages (5/15/30 days) designed to curb excessive speculation and maintain orderly trading. Securities under this framework face enhanced surveillance based on price movements, volatility, and trading patterns.

Compliance Requirements

  • Trading members must ensure compliance with ST-ASM framework requirements for affected securities
  • Enhanced margin and surveillance measures apply to all securities listed under ST-ASM
  • Market participants should review positions in affected securities before the effective date

Important Dates

  • Effective Date: November 24, 2025 - All changes to ST-ASM framework become applicable

Impact Assessment

The addition of 6 securities to ST-ASM indicates heightened regulatory scrutiny due to unusual price movements or trading patterns. Securities under ST-ASM typically experience reduced liquidity and higher transaction costs. The removal of 7 securities, particularly AVI Polymers Ltd moving to the more stringent ESM framework, reflects ongoing market surveillance actions. Investors and traders in these securities should be aware of potential trading restrictions and enhanced margin requirements.

Impact Justification

Affects 13 securities total with enhanced surveillance measures, including 3 SME scrips. ST-ASM framework impacts trading liquidity and price discovery for affected securities.