Description
BSE circular announcing securities shortlisted for or moving out of Short Term Additional Surveillance Measure (ST-ASM) framework effective December 02, 2025.
Summary
BSE has issued a circular regarding the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework. The circular lists 8 securities being newly shortlisted in ST-ASM framework, 6 securities moving out of the framework, and provides a consolidated list of all securities currently under ST-ASM. These changes will be effective from December 02, 2025.
Key Points
- 8 securities newly shortlisted for Short Term 5/15/30 Days ASM Framework
- 6 securities moving out of ST-ASM Framework
- No securities moving to higher or lower stage ASM within the framework
- Changes effective from December 02, 2025
- Some securities moving out due to inclusion in other frameworks (ESM Framework)
- Includes both regular and SME scrips
- Some scrips marked as per NSE alignment
Securities Added to ST-ASM Framework
Effective December 02, 2025:
- Containerway International Ltd (540597, INE319U01022)
- Kanungo Financiers Ltd (540515, INE453S01015)
- Padam Cotton Yarns Ltd (531395, INE448D01025)
- Rico Auto Industries Ltd (520008, INE209B01025)*
- Rita Finance and Leasing Ltd (543256, INE018S01016)
- Star Housing Finance Ltd (539017, INE526R01028)
- Umiya Tubes Ltd (539798, INE173U01015)
- VLS Finance Ltd (511333, INE709A01018)*
*As per NSE
Securities Moving Out of ST-ASM Framework
Effective December 02, 2025:
- Dhampure Specialty Sugars Ltd (531923, INE956B01013)
- Eighty Jewellers Ltd@ (543518, INE0KSN01014)
- Shanmuga Hospital Ltd@ (544365, INE0TD301017)
- SBL Infratech Ltd@ (543366, INE0DLM01024)
- Gilada Finance & Investments Ltd$ (538788, INE918C01029)
- South West Pinnacle Exploration Ltd$ (543986, INE980Y01015)
@ SME Scrips moving out from ST-ASM Framework $ Moving out due to inclusion in ESM Framework
Consolidated List (Sample)
The circular provides a consolidated list of all securities currently under ST-ASM, including:
- AK Capital Services Ltd (530499) - Stage I
- Atishay Ltd (538713) - Stage I
- Bampsl Securities Ltd (531591) - Stage I
- Batliboi Ltd (522004) - Stage I
- Best Agrolife Ltd (539660) - Stage I
- Bigbloc Construction Ltd (540061) - Stage I
- Capital Trust Ltd (511505) - Stage I
- Classic Leasing & Finance Ltd (540481) - Stage I
- Dhillon Freight Carrier Ltd@ (544556) - Stage I
- Eraaya Lifespaces Ltd (531035) - Stage I
And others as detailed in Annexure III.
Regulatory Framework
The Short Term Additional Surveillance Measure (ST-ASM) is implemented to monitor securities exhibiting abnormal price movements or unusual trading patterns. Securities may be placed in different stages (I, II, III) with varying surveillance intensity.
Compliance Requirements
- Trading members must note the securities under ST-ASM framework
- Enhanced surveillance measures apply to listed securities
- Investors should be aware of additional monitoring on these securities
- Market participants must comply with specific trading requirements for ST-ASM securities
Important Dates
- Circular Issue Date: December 01, 2025
- Effective Date: December 02, 2025
Impact Assessment
Market Impact:
- Securities newly added to ST-ASM may experience increased scrutiny and potential trading restrictions
- Securities moving out of ST-ASM gain relief from enhanced surveillance measures
- Two securities moving to ESM Framework face continued enhanced monitoring under different framework
Trading Impact:
- ST-ASM securities may have additional margin requirements
- Potential impact on liquidity for affected securities
- Investors holding these securities should monitor their positions
Investor Impact:
- Enhanced due diligence required for ST-ASM securities
- Possible restrictions on intraday trading
- Increased awareness needed for price volatility and trading patterns
Impact Justification
Affects trading conditions for multiple securities through surveillance framework changes. Moderate impact on specific stocks and investors holding these securities.