Description

BSE announces securities shortlisted for ST-ASM framework and securities moving out of the framework effective December 09, 2025.

Summary

BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 09, 2025. Five securities are being newly shortlisted under the ST-ASM 5/15/30 Days framework, while four securities are moving out of the framework. The circular also provides a consolidated list of all securities currently under the ST-ASM framework with their respective stages.

Key Points

  • 5 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 4 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower Stage ASM within the framework
  • Changes effective from December 09, 2025
  • Consolidated list includes 17+ securities across Stage I and Stage II
  • Multiple reasons for exit including inclusion in LT-ASM, ESM, Trade for Trade, GSM, and Pledge frameworks

Newly Added Securities (ST-ASM)

Securities shortlisted in ST-ASM Framework from December 09, 2025:

  1. Eldeco Housing & Industries Ltd (523329, INE668G01021) - Stage I
  2. Jay Kailash Namkeen Ltd (544160, INE0MSS01019) - Stage I (SME)
  3. Mohite Industries Ltd (532140, INE154B01023) - Stage I
  4. Pan Electronics India Ltd (517397, INE648E01010) - Stage I
  5. West Leisure Resorts Ltd (538382, INE266P01017) - Stage I

Securities Moving Out

Securities exiting ST-ASM Framework from December 09, 2025:

  1. Aadi Industries Ltd (530027, INE563D01013) - Moving to LT-ASM Framework
  2. Best Agrolife Ltd (539660, INE052T01013)
  3. Kanungo Financiers Ltd (540515, INE453S01015) - Moving to ESM Framework (SME)
  4. Srigee Dlm Ltd (544399, INE0RJ901010) - (SME)

Consolidated List Highlights

Key securities in ST-ASM Framework:

  • AK Capital Services Ltd - Stage I
  • Atishay Ltd - Stage I
  • Capital Trust Ltd - Stage I
  • Containerway International Ltd - Stage I
  • Eraaya Lifespaces Ltd - Stage II
  • Infinity Infoway Ltd - Stage I (SME)
  • Jayant Infratech Ltd - Stage I (SME)
  • JD Cables Ltd - Stage I (SME)
  • Jhandewalas Foods Ltd - Stage I (SME)
  • Kapil Raj Finance Ltd - Stage I
  • KBS India Ltd - Stage I
  • Laddu Gopal Online Services Ltd - Stage I
  • Mangalam Drugs & Organics Ltd - Stage II
  • Mayur Leather Products Ltd - Stage I

Regulatory Changes

The ST-ASM framework is part of BSE’s surveillance mechanism to monitor securities exhibiting abnormal price movements or unusual trading patterns. Securities under this framework are subject to enhanced monitoring and may have additional trading restrictions.

Compliance Requirements

  • Market participants must note the securities under ST-ASM framework
  • Trading members should inform clients about securities under surveillance measures
  • Enhanced due diligence required for transactions in these securities
  • Brokers must ensure clients are aware of the surveillance status before trading

Important Dates

  • Effective Date: December 09, 2025
  • Circular Date: December 08, 2025

Impact Assessment

Market Impact:

  • Securities under ST-ASM may experience reduced liquidity
  • Potential impact on price discovery for affected securities
  • Stage II securities face stricter surveillance than Stage I

Investor Impact:

  • Investors holding these securities should be aware of enhanced surveillance
  • Trading in these securities may be subject to additional restrictions
  • Exit from ST-ASM (like Best Agrolife) may improve trading conditions
  • Entry into other frameworks (LT-ASM, ESM) indicates continued regulatory concerns

Operational Impact:

  • Trading members need to update their systems for the new list
  • Risk management systems should flag these securities appropriately
  • Compliance teams must monitor these securities more closely

Impact Justification

Affects trading conditions for 23+ securities through surveillance measures. Important for investors holding these stocks but limited to specific scrips.