Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework, with 4 securities added and 5 securities removed effective December 08, 2025.

Summary

BSE has issued updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 08, 2025. Four securities are being newly added to the ST-ASM 5/15/30 Days framework, while five securities are moving out of the framework. No securities are being moved to higher or lower stage ASM within the framework.

Key Points

  • 4 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 5 securities moving out of ST-ASM Framework
  • 3 securities moving out due to inclusion in Trade for Trade Framework
  • Changes effective from December 08, 2025
  • Framework includes regular, SME, and T+0 scrips

Securities Added to ST-ASM (Stage I)

Newly Shortlisted Securities:

  1. Aadi Industries Ltd (530027, INE563D01013)
  2. Laddu Gopal Online Services Ltd (537707, INE546I01025)
  3. Mayur Leather Products Ltd (531680, INE799E01011)
  4. Shyam Century Ferrous Ltd (539252, INE979R01011) - As per NSE

Securities Moving Out of ST-ASM

Securities Removed:

  1. Bampsl Securities Ltd (531591) - Moving to Trade for Trade Framework
  2. Bigbloc Construction Ltd (540061)
  3. Classic Leasing & Finance Ltd (540481) - Moving to Trade for Trade Framework
  4. Dhillon Freight Carrier Ltd (544556) - SME Scrip
  5. Solvex Edibles Ltd (544539) - SME Scrip, Moving to Trade for Trade Framework

Regulatory Changes

  • Securities under ST-ASM framework are subject to enhanced surveillance measures including position limits, margin requirements, and trading restrictions
  • Securities marked with special symbols indicate specific classifications (@ for SME scrips, ~ for T+0 scrips, ** for Trade for Trade framework)
  • Framework operates on a dynamic basis with periodic reviews

Compliance Requirements

  • Market participants must comply with applicable margin requirements for securities under ST-ASM
  • Enhanced position limits and reporting obligations apply to these securities
  • Brokers must ensure clients are aware of surveillance measures on these stocks
  • Trading members should update their systems to reflect the revised surveillance status

Important Dates

  • Effective Date: December 08, 2025 - Changes to ST-ASM framework become applicable
  • Circular Date: December 05, 2025

Impact Assessment

Market Impact: Medium - Affects 9 securities with changes in surveillance status. The addition of 4 securities to ST-ASM may result in reduced liquidity and increased margin requirements for these stocks. The removal of 5 securities (3 moving to stricter Trade for Trade framework) indicates ongoing regulatory monitoring.

Investor Impact: Investors holding or trading these securities will face:

  • Enhanced margin requirements for newly added securities
  • Potential liquidity constraints
  • Modified trading parameters
  • For securities moving to Trade for Trade: stricter settlement requirements and no intraday trading

Operational Impact: Brokers and trading members must update their surveillance systems and communicate changes to affected clients before the effective date.

Impact Justification

Affects 9 securities with trading restrictions under surveillance framework. 4 securities newly added to ST-ASM and 5 removed, impacting investors and traders in these specific stocks.