Description
BSE circular announcing securities being added to, moved within, or removed from the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 04, 2025.
Summary
BSE has issued its regular update on securities subject to Short Term Additional Surveillance Measure (ST-ASM) framework. Effective December 04, 2025, three securities are being newly shortlisted under ST-ASM Stage I, while two securities are moving out of the framework. The circular provides consolidated lists of all securities currently under various stages of ST-ASM.
Key Points
- Three new securities added to Short Term 5/15/30 Days ASM Framework Stage I (all SME scrips)
- Two securities moving out of ST-ASM Framework
- No securities moving to higher or lower ASM stages within the framework
- Consolidated list shows 21+ securities currently under ST-ASM surveillance
- Changes effective from December 04, 2025
Securities Added to ST-ASM (Stage I)
Annexure I - Part A:
- Infinity Infoway Ltd (Scrip Code: 544567, ISIN: INE16XA01017) - SME
- Rapid Multimodal Logistics Ltd (Scrip Code: 544237, ISIN: INE0QA901010) - SME
- Workmates Core2Cloud Solution Ltd (Scrip Code: 544610, ISIN: INE1I1301016) - SME
Securities Removed from ST-ASM
Annexure II - Part A:
- Mayur Leather Products Ltd (Scrip Code: 531680, ISIN: INE799E01011)
- Pro Fin Capital Services Ltd (Scrip Code: 511557, ISIN: INE732K01027) - Moving to ESM Framework
Consolidated List of Securities in ST-ASM
Selected securities from Annexure III (Stage I):
- AK Capital Services Ltd (530499)
- Atishay Ltd (538713)
- Bampsl Securities Ltd (531591)
- Batliboi Ltd (522004)
- Best Agrolife Ltd (539660)
- Bigbloc Construction Ltd (540061)
- Capital Trust Ltd (511505)
- Classic Leasing & Finance Ltd (540481)
- Containerway International Ltd (540597)
- Dhanashree Electronics Ltd (542679)
- Dhillon Freight Carrier Ltd (544556) - SME
- Eraaya Lifespaces Ltd (531035)
- Halder Venture Ltd (539854)
- Jayant Infratech Ltd (543544) - SME
- JD Cables Ltd (544524) - SME
- Jet Freight Logistics Ltd (543420)
- Jhandewalas Foods Ltd (540850) - SME
- Kanungo Financiers Ltd (540515)
- KBS India Ltd (530357)
Important Dates
- Effective Date: December 04, 2025
Regulatory Framework
The Short Term ASM framework is designed to alert investors about securities that have witnessed abnormal price movements. Securities marked with:
- @ are SME scrips
- ~ are T+0 scrips (as per parent company)
- * Securities noted in certain contexts
- $ Moving to ESM Framework
Moving to GSM Framework
- ^ Moving to Pledge Framework
- ** Moving to Trade for Trade Framework
Impact Assessment
Market Impact: Medium - The addition of three SME securities to ST-ASM Stage I will result in enhanced surveillance and potentially stricter trading conditions for these scrips. Investors should exercise additional caution when trading these securities.
Trading Impact: Securities in ST-ASM framework typically face additional margin requirements, price bands, or other trading restrictions designed to curb excessive speculation and protect investors.
Positive Development: Two securities are exiting ST-ASM framework, with one (Pro Fin Capital Services) moving to ESM framework which may indicate different risk parameters.
Impact Justification
Affects trading conditions for multiple securities through surveillance measures. Three securities newly added to ST-ASM framework, two securities removed (one moving to ESM). Medium impact as it changes trading parameters but is part of routine surveillance operations.