Description
BSE announces securities being placed under, continuing in, and moving out of the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 09, 2025.
Summary
BSE has issued updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 09, 2025. Five new securities are being placed under ST-ASM Stage I, four securities are moving out of the framework (some due to inclusion in other surveillance frameworks like LT-ASM or ESM), and a consolidated list of 17+ securities currently under ST-ASM is provided with their respective stage classifications.
Key Points
- 5 new securities shortlisted in Short Term 5/15/30 Days ASM Framework from December 09, 2025
- 4 securities moving out of ST-ASM Framework from December 09, 2025
- No securities moving to higher or lower ASM stages within ST-ASM framework
- Consolidated list includes securities in Stage I and Stage II of ST-ASM
- Multiple SME scrips included in the surveillance measures
- Some securities moving to other surveillance frameworks (LT-ASM, ESM)
Securities Being Added to ST-ASM (Annexure I - Part A)
New entries effective December 09, 2025:
- Eldeco Housing & Industries Ltd (523329, INE668G01021) - Stage I
- Jay Kailash Namkeen Ltd (544160, INE0MSS01019) - Stage I (SME)
- Mohite Industries Ltd (532140, INE154B01023) - Stage I
- Pan Electronics India Ltd (517397, INE648E01010) - Stage I
- West Leisure Resorts Ltd (538382, INE266P01017) - Stage I
Securities Moving Out of ST-ASM (Annexure II - Part A)
Exiting ST-ASM framework effective December 09, 2025:
- Aadi Industries Ltd (530027, INE563D01013) - Moving to LT-ASM Framework
- Best Agrolife Ltd (539660, INE052T01013)
- Kanungo Financiers Ltd (540515, INE453S01015) - SME, Moving to ESM Framework
- Srigee Dlm Ltd (544399, INE0RJ901010) - SME
Consolidated List of Securities Under ST-ASM (Annexure III - Partial)
Securities currently under Short Term ASM:
- AK Capital Services Ltd - Stage I
- Atishay Ltd - Stage I
- Capital Trust Ltd - Stage I
- Containerway International Ltd - Stage I
- Eldeco Housing & Industries Ltd - Stage I
- Eraaya Lifespaces Ltd - Stage II
- Infinity Infoway Ltd (SME) - Stage I
- Jay Kailash Namkeen Ltd (SME) - Stage I
- Jayant Infratech Ltd (SME) - Stage I
- JD Cables Ltd (SME) - Stage I
- Jhandewalas Foods Ltd (SME) - Stage I
- 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 Framework
The Short Term Additional Surveillance Measure (ST-ASM) is a surveillance framework implemented by BSE to monitor securities exhibiting abnormal price movements or unusual trading patterns over short periods (5/15/30 days). Securities under ST-ASM are subject to enhanced surveillance and may have additional trading restrictions.
Important Dates
- Effective Date: December 09, 2025
- Circular Date: December 08, 2025
Impact Assessment
Market Impact:
- Securities added to ST-ASM may experience reduced liquidity and increased trading costs
- Investors trading in these securities should be aware of additional surveillance measures
- Securities moving out of ST-ASM may see improved trading conditions unless moving to stricter frameworks
Trading Impact:
- Stage I and Stage II classifications indicate different levels of surveillance intensity
- Multiple SME scrips affected, impacting small and medium enterprise trading segment
- Securities moving to LT-ASM or ESM frameworks will be subject to different surveillance parameters
Investor Considerations:
- Enhanced due diligence recommended for securities under ST-ASM
- Potential for higher volatility and price discovery challenges
- Stage II securities indicate continued surveillance concerns
Impact Justification
Affects trading restrictions on multiple securities under ST-ASM framework, impacting investor trading activities and market surveillance measures