Description

BSE announces securities being added to, continuing in, and moving out of the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 03, 2025.

Summary

BSE has issued its periodic update on securities under the Short Term Additional Surveillance Measure (ST-ASM) framework. The circular identifies 3 new securities being added to ST-ASM, 1 security moving to higher stage ASM, 7 securities exiting the framework, and provides a consolidated list of 15+ securities currently under ST-ASM Stage I. Changes are effective December 03, 2025.

Key Points

  • 3 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 1 security (Mangalam Drugs & Organics Ltd) moving to higher Stage ASM while continuing in ST-ASM
  • 7 securities moving out of ST-ASM Framework
  • Several securities exiting due to inclusion in other surveillance frameworks (LT-ASM, ESM)
  • Consolidated list includes 15+ securities in ST-ASM Stage I
  • Multiple SME scrips included in the surveillance measure

Securities Added to ST-ASM (Effective December 03, 2025)

  1. Dhanashree Electronics Ltd (Scrip: 542679, ISIN: INE413F01016)
  2. Jayant Infratech Ltd (Scrip: 543544, ISIN: INE0KR801019) - SME
  3. Sugs Lloyd Ltd (Scrip: 544501, ISIN: INE0XX801016) - SME

Securities Moving to Higher Stage ASM

  1. Mangalam Drugs & Organics Ltd (Scrip: 532637, ISIN: INE584F01014) - As per NSE

Securities Moving Out of ST-ASM Framework

  1. Getalong Enterprise Ltd (Scrip: 543372) - SME
  2. Global Surfaces Ltd (Scrip: 543829)
  3. Refex Renewables & Infrastructure Ltd (Scrip: 531260) - Moving to LT-ASM Framework
  4. Rita Finance and Leasing Ltd (Scrip: 543256) - Moving to ESM Framework
  5. Spectrum Electrical Industries Ltd (Scrip: 544386)
  6. United Cotfab Ltd (Scrip: 544195) - SME
  7. Vardhman Concrete Ltd (Scrip: 531444)

Consolidated List of Securities in ST-ASM Stage I

Includes: AK Capital Services, Atishay Ltd, Bampsl Securities, Batliboi Ltd, Best Agrolife Ltd, Bigbloc Construction Ltd, Capital Trust Ltd, Classic Leasing & Finance Ltd, Containerway International Ltd, Dhanashree Electronics Ltd, Dhillon Freight Carrier Ltd, Eraaya Lifespaces Ltd, Halder Venture Ltd, Jayant Infratech Ltd, JD Cables Ltd, and others.

Regulatory Changes

This is a routine periodic update to the Short Term Additional Surveillance Measure framework. The ST-ASM is a preventive surveillance measure applied to securities showing abnormal price movements or unusual trading patterns over short periods (5/15/30 days).

Compliance Requirements

  • Trading members must be aware of securities under ST-ASM and applicable trading restrictions
  • Securities in ST-ASM are subject to enhanced surveillance and may have additional margin requirements
  • Price bands and other trading conditions may apply to these securities
  • Members should update their systems to reflect the changes in surveillance status

Important Dates

  • Effective Date: December 03, 2025
  • Circular Date: December 02, 2025

Impact Assessment

The ST-ASM framework impacts liquidity and trading conditions for the affected securities. Securities entering ST-ASM may experience reduced trading volumes due to enhanced margin requirements and closer monitoring. The movement of 7 securities out of ST-ASM (some to stricter frameworks like LT-ASM or ESM) indicates ongoing surveillance actions. Traders and investors in these securities should be aware of the surveillance status and associated trading restrictions. The inclusion of multiple SME scrips reflects heightened surveillance on smaller companies with potential volatility concerns.

Impact Justification

Affects trading conditions for multiple securities through surveillance measures. Important for traders and investors in listed securities but routine surveillance action.