Description

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

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 24, 2025. Six securities have been newly added to the ST-ASM Stage I framework, while seven securities are being removed from the framework. The circular includes three annexures detailing securities being added, removed, and a consolidated list of all securities currently under ST-ASM.

Key Points

  • 6 securities added to Short Term 5/15/30 Days ASM Framework at Stage I
  • 7 securities moving out of ST-ASM Framework
  • Changes effective from November 24, 2025
  • No securities moving to higher or lower ASM stages
  • Several SME scrips included in the changes
  • Securities exiting ST-ASM may be moving to other surveillance frameworks (ESM, LT-ASM, etc.)

Securities Added to ST-ASM (Stage I)

  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 scrip
  5. Safecure Services Ltd (544596, INE0SVZ01015) - SME scrip
  6. Shanmuga Hospital Ltd (544365, INE0TD301017) - SME scrip

Securities Removed from ST-ASM

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

Regulatory Changes

The ST-ASM framework continues to be applied as per existing surveillance guidelines. Securities are categorized into different stages (5/15/30 Days) based on price volatility and volume patterns. The framework is designed to alert investors about securities that have witnessed abnormal price movements.

Compliance Requirements

  • Market participants should note the revised surveillance status of affected securities
  • Trading members must ensure compliance with ST-ASM framework requirements for newly added securities
  • Enhanced due diligence required for securities under ST-ASM
  • Investors should be aware of increased surveillance and potential trading restrictions

Important Dates

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

Impact Assessment

The addition of securities to ST-ASM framework typically results in increased margin requirements and potential trading restrictions to curb excessive speculation. Securities moving out of ST-ASM may experience improved liquidity, though some are transitioning to other surveillance frameworks like ESM which may impose different restrictions. The inclusion of multiple SME scrips indicates heightened surveillance in the SME segment. Market participants should exercise caution when trading in newly added ST-ASM securities and monitor for further surveillance actions.

Impact Justification

Affects trading conditions for 13 securities through addition or removal from ST-ASM framework, impacting liquidity and trading restrictions for affected stocks