Description

BSE announces changes to securities under Short Term Additional Surveillance Measure (ST-ASM) framework effective November 26, 2025, including addition of 4 securities and removal of 6 securities.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 26, 2025. Four securities are being added to the ST-ASM framework (Stage I), while six securities are being removed from the framework. No securities are being moved to higher or lower stages within the ST-ASM framework.

Key Points

  • 4 securities added to Short Term 5/15/30 Days ASM Framework (Stage I)
  • 6 securities moving out of ST-ASM Framework
  • Changes effective from November 26, 2025
  • No securities moving to higher or lower ASM stages
  • Framework includes both mainboard and SME scrips
  • Consolidated list provided with current ASM stage classifications

Securities Added to ST-ASM Framework

New Entries (Stage I) effective November 26, 2025:

  1. Jet Freight Logistics Ltd (Scrip Code: 543420, ISIN: INE982V01025)
  2. Mayur Leather Products Ltd (Scrip Code: 531680, ISIN: INE799E01011)
  3. Mish Designs Ltd (Scrip Code: 544015, ISIN: INE0QI101019) - SME Scrip
  4. Olatech Solutions Ltd (Scrip Code: 543578, ISIN: INE0M3901015) - SME Scrip

Securities Removed from ST-ASM Framework

Moving Out effective November 26, 2025:

  1. Anand Rathi Share And Stock Brokers Ltd (Scrip Code: 544530, ISIN: INE549H01021)
  2. GB Logistics Commerce Ltd (Scrip Code: 544348, ISIN: INE0RWU01016) - SME Scrip
  3. Kanungo Financiers Ltd (Scrip Code: 540515, ISIN: INE453S01015)
  4. Ladderup Finance Ltd (Scrip Code: 530577, ISIN: INE519D01015)
  5. Shree Hari Chemicals Export Ltd (Scrip Code: 524336, ISIN: INE065E01017)
  6. Southern Magnesium & Chemicals Ltd (Scrip Code: 513498, ISIN: INE308N01012)

Regulatory Changes

The ST-ASM framework continues to operate with its existing structure of Short Term 5/15/30 Days stages. Securities can be removed from ST-ASM due to inclusion in other surveillance frameworks including:

  • LT-ASM Framework (Long Term Additional Surveillance Measure)
  • Trade for Trade Framework
  • GSM Framework (Graded Surveillance Measure)
  • Pledge Framework
  • ESM Framework (Enhanced Surveillance Measure)

Compliance Requirements

  • Trading members must adjust their risk management systems for securities entering ST-ASM
  • Enhanced surveillance and monitoring required for securities in ST-ASM Stage I
  • Investors should be aware of additional trading restrictions applicable to ST-ASM securities
  • Securities in ST-ASM may have stricter price bands and position limits

Important Dates

  • Effective Date: November 26, 2025
  • All changes to ST-ASM framework become applicable from market opening on this date

Impact Assessment

Market Impact:

  • Securities entering ST-ASM may experience reduced liquidity due to enhanced surveillance measures
  • Price volatility may be contained through stricter monitoring
  • Securities exiting ST-ASM framework should see improved liquidity conditions

Operational Impact:

  • Brokers and trading members need to update risk management systems
  • Additional monitoring and reporting requirements for securities in ST-ASM
  • Potential impact on margin requirements for positions in affected securities

Investor Impact:

  • Increased scrutiny on trading patterns in newly added securities
  • Improved trading conditions for securities moving out of ST-ASM
  • Investors should review positions in affected securities before effective date

Impact Justification

Affects trading conditions for 10 securities through addition to or removal from ST-ASM framework, impacting liquidity and trading dynamics for specific stocks