Description

BSE announces securities shortlisted for Short Term ASM framework and those moving out, effective December 02, 2025. Eight securities added to ST-ASM Stage I surveillance.

Summary

BSE has announced the revised list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 02, 2025. Eight securities have been newly shortlisted for ST-ASM Stage I, while six securities are moving out of the framework. No securities are moving to higher or lower ASM stages during this update.

Key Points

  • 8 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework at Stage I
  • 6 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages
  • Changes effective from December 02, 2025
  • Consolidated list includes securities at various ST-ASM stages

Securities Added to ST-ASM (Stage I)

  1. Containerway International Ltd (540597, INE319U01022)
  2. Kanungo Financiers Ltd (540515, INE453S01015)
  3. Padam Cotton Yarns Ltd (531395, INE448D01025)
  4. Rico Auto Industries Ltd (520008, INE209B01025)*
  5. Rita Finance and Leasing Ltd (543256, INE018S01016)
  6. Star Housing Finance Ltd (539017, INE526R01028)
  7. Umiya Tubes Ltd (539798, INE173U01015)
  8. VLS Finance Ltd (511333, INE709A01018)*

*(As per NSE)

Securities Moving Out of ST-ASM

  1. Dhampure Specialty Sugars Ltd (531923, INE956B01013)
  2. Eighty Jewellers Ltd (543518, INE0KSN01014) - SME Scrip
  3. Shanmuga Hospital Ltd (544365, INE0TD301017) - SME Scrip
  4. SBL Infratech Ltd (543366, INE0DLM01024) - SME Scrip
  5. Gilada Finance & Investments Ltd (538788, INE918C01029) - Moving to ESM Framework
  6. South West Pinnacle Exploration Ltd (543986, INE980Y01015) - Moving to ESM Framework

Regulatory Framework

The Short Term ASM framework is a surveillance mechanism applied to securities showing certain risk characteristics. Securities in this framework face additional trading restrictions and monitoring:

  • Stage-based progression (5/15/30 days)
  • Enhanced disclosure requirements
  • Potential trade-to-trade settlement
  • Price bands and position limits

Important Dates

  • Effective Date: December 02, 2025
  • All changes to ST-ASM classifications take effect from market opening on this date

Impact Assessment

Market Impact: Medium - The ST-ASM framework affects liquidity and trading dynamics for the listed securities. Investors holding these stocks should be aware of enhanced surveillance and potential trading restrictions.

Operational Impact: Securities entering ST-ASM Stage I will face:

  • Additional reporting requirements
  • Potential liquidity constraints
  • Increased scrutiny from exchange
  • Price discovery may be affected

Investor Impact: Traders and investors in affected securities should note the enhanced surveillance measures and adjust their trading strategies accordingly. Securities moving out of ST-ASM (especially those moving to ESM) may face different restrictions under new frameworks.

Impact Justification

Affects trading conditions for 8 securities entering ST-ASM and 6 exiting. Medium impact as it involves surveillance measures rather than trading halts.