Description

BSE announces securities shortlisted for Short Term Additional Surveillance Measure (ST-ASM) framework and securities moving out of the framework effective December 04, 2025.

Summary

BSE has announced the application of Short Term Additional Surveillance Measure (ST-ASM) framework effective December 04, 2025. Three new securities have been shortlisted for inclusion in the ST-ASM framework under Stage I, while two securities are moving out of the framework. The circular provides consolidated lists of all securities currently under the ST-ASM framework with their respective stages.

Key Points

  • 3 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework (all SME scrips)
  • 2 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower stages within the framework
  • Changes effective from December 04, 2025
  • Consolidated list includes 21+ securities currently under ST-ASM Stage I
  • Framework includes SME scrips (marked @) and T+0 scrips (marked ~)

Securities Added to ST-ASM Framework

New Inclusions (Stage I):

  1. Infinity Infoway Ltd (Scrip Code: 544567, ISIN: INE16XA01017) - SME
  2. Rapid Multimodal logistics Ltd (Scrip Code: 544237, ISIN: INE0QA901010) - SME
  3. Workmates Core2Cloud Solution Ltd (Scrip Code: 544610, ISIN: INE1I1301016) - SME

Securities Moving Out of ST-ASM Framework

  1. Mayur Leather Products Ltd (Scrip Code: 531680, ISIN: INE799E01011)
  2. Pro Fin Capital Services Ltd (Scrip Code: 511557, ISIN: INE732K01027) - Moving to ESM Framework

Regulatory Changes

The Short Term Additional Surveillance Measure (ST-ASM) framework continues to operate with 5/15/30 days monitoring periods across different stages. Securities under this framework are subject to enhanced surveillance and may have specific trading conditions applied.

Compliance Requirements

  • Trading members must be aware of securities under ST-ASM framework
  • Enhanced monitoring required for transactions in these securities
  • Specific margin and settlement requirements may apply
  • Members should update their risk management systems accordingly

Important Dates

  • Effective Date: December 04, 2025
  • Changes to ST-ASM framework applicability become effective from market opening on this date

Impact Assessment

Market Impact: Medium - Affects trading conditions for specific securities, primarily SME segment stocks. The addition of three SME securities and removal of two securities indicates ongoing surveillance activity.

Investor Impact: Investors holding or trading in affected securities should be aware of enhanced surveillance measures which may include additional margins, price bands, or trading restrictions.

Operational Impact: Trading members need to update systems and ensure compliance with ST-ASM framework requirements for the newly included securities and remove restrictions for exiting securities.

Additional Notes

  • Securities marked with specific symbols indicate different frameworks:
    • @ = SME Scrips
    • ~ = T+0 Scrips (as per parent company)
    • $ = Moving to ESM Framework
    • * = Moving to LT-ASM Framework
    • ** = Moving to Trade for Trade Framework

    • = Moving to GSM Framework

    • ^ = Moving to Pledge Framework

Impact Justification

Affects trading conditions for specific securities under surveillance framework. Limited to select stocks but important for traders and investors in these securities.