Description
BSE announces changes to securities under Short Term Additional Surveillance Measure framework, with 4 new securities added and 6 securities moving out, effective November 26, 2025.
Summary
BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective November 26, 2025. Four securities are being newly added to the ST-ASM framework in Stage I, while six securities are moving out of the framework. No securities are being moved to higher or lower stages within the framework. The circular includes a consolidated list of all securities currently under ST-ASM surveillance.
Key Points
- 4 securities newly shortlisted for ST-ASM framework (Stage I)
- 6 securities moving out of ST-ASM framework
- No securities moving to higher or lower ASM stages
- Changes effective from November 26, 2025
- ST-ASM framework includes 5/15/30 day surveillance periods
- Consolidated list provided showing all securities under surveillance with their respective stages
Securities Added to ST-ASM (Stage I)
New Securities entering ST-ASM Framework:
- Jet Freight Logistics Ltd (Scrip Code: 543420, ISIN: INE982V01025) - As per NSE
- Mayur Leather Products Ltd (Scrip Code: 531680, ISIN: INE799E01011)
- Mish Designs Ltd (Scrip Code: 544015, ISIN: INE0QI101019) - SME Scrip
- Olatech Solutions Ltd (Scrip Code: 543578, ISIN: INE0M3901015) - SME Scrip
Securities Exiting ST-ASM Framework
Securities moving out of ST-ASM effective November 26, 2025:
- Anand Rathi Share And Stock Brokers Ltd (Scrip Code: 544530, ISIN: INE549H01021)
- GB Logistics Commerce Ltd (Scrip Code: 544348, ISIN: INE0RWU01016) - SME Scrip
- Kanungo Financiers Ltd (Scrip Code: 540515, ISIN: INE453S01015)
- Ladderup Finance Ltd (Scrip Code: 530577, ISIN: INE519D01015)
- Shree Hari Chemicals Export Ltd (Scrip Code: 524336, ISIN: INE065E01017)
- Southern Magnesium & Chemicals Ltd (Scrip Code: 513498, ISIN: INE308N01012)
Surveillance Framework Details
ST-ASM Stage Movements:
- Securities moving to higher stage ASM: Nil
- Securities moving to lower stage ASM: Nil
Special Notations:
- Securities marked with @ are SME scrips
- Securities marked with * are shortlisted as per NSE
- Securities marked with ~ are T+0 scrips shortlisted based on parent company
Reasons for Exit from ST-ASM:
- (*) Moving to LT-ASM Framework
- (**) Moving to Trade for Trade Framework
- (#) Moving to GSM Framework
- (^) Moving to Pledge Framework
- ($) Moving to ESM Framework
Compliance Requirements
- Market participants must adjust trading strategies for affected securities
- Enhanced surveillance measures apply to newly added securities
- Reduced surveillance for securities exiting the framework
- All trades in ST-ASM securities subject to stage-specific restrictions
- Monitoring of price movements and trading volumes intensified for listed securities
Important Dates
- Effective Date: November 26, 2025
- Circular Date: November 25, 2025
Impact Assessment
Market Impact: The addition of 4 securities to ST-ASM Stage I indicates heightened regulatory scrutiny due to price movements or trading patterns. These securities will face additional surveillance measures including potential price bands, trade-to-trade settlement, or other restrictions depending on the stage.
Trading Impact: Securities entering ST-ASM may experience reduced liquidity as traders become more cautious. The exit of 6 securities from the framework is positive, indicating improved market behavior and reduced surveillance concerns.
Investor Impact: Investors in newly added securities should expect increased monitoring and potential trading restrictions. The framework is designed to protect investors from excessive volatility and market manipulation. Investors in securities exiting the framework benefit from normalized trading conditions.
Impact Justification
Regular surveillance framework update affecting 10 securities with trading restrictions; impacts short-term trading strategies for listed stocks