Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework effective December 11, 2025, including new additions, stage movements, and exits from the framework.

Summary

BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 11, 2025. Five new securities have been added to the ST-ASM framework, one security will move to a lower stage while remaining in the framework, and eight securities are exiting the ST-ASM framework (some moving to other surveillance frameworks like ESM and LT-ASM).

Key Points

  • 5 new securities shortlisted for ST-ASM 5/15/30 Days framework effective December 11, 2025
  • 1 security (Mangalam Drugs & Organics Ltd) will move to lower stage ASM while continuing in ST-ASM framework
  • 8 securities moving out of ST-ASM framework, with some transitioning to other surveillance measures
  • Consolidated list includes 12 securities currently under ST-ASM framework with their respective stages
  • Framework includes both mainboard and SME scrips, with special markers for SME and T+0 scrips

Securities Added to ST-ASM Framework (Stage I)

  1. Dalmia Industrial Development Ltd (Scrip: 539900, ISIN: INE642P01019)
  2. Epsom Properties Ltd (Scrip: 531155, ISIN: INE601F01016)
  3. LGT Business Connextions Ltd (Scrip: 544489, ISIN: INE191201016) - SME Scrip
  4. SRU Steels Ltd (Scrip: 540914, ISIN: INE425C01017)
  5. Swagtam Trading & Services Ltd (Scrip: 539406, ISIN: INE150R01019)

Securities Moving to Lower Stage

  • Mangalam Drugs & Organics Ltd (Scrip: 532637, ISIN: INE584F01014) - Moving to lower stage while continuing in ST-ASM framework

Securities Exiting ST-ASM Framework

  1. B.C. Power Controls Ltd (Scrip: 537766) - Moving to ESM Framework
  2. Jayant Infratech Ltd (Scrip: 543544) - SME Scrip
  3. Kesoram Industries Ltd (Scrip: 502937) - Moving to ESM Framework
  4. Mish Designs Ltd (Scrip: 544015) - SME Scrip, moving to LT-ASM Framework
  5. Ovobel Foods Ltd (Scrip: 530741)
  6. Pan Electronics India Ltd (Scrip: 517397) - Moving to LT-ASM Framework
  7. Raghav Productivity Enhancers Ltd (Scrip: 539837)
  8. Welcure Drugs & Pharmaceuticals Ltd (Scrip: 524661)

Regulatory Framework Details

Short Term ASM Framework is designed to alert investors about securities showing abnormal price movements or unusual trading patterns over short periods (5/15/30 days). Securities under this measure face enhanced surveillance and potential trading restrictions.

Framework Transitions:

  • Securities marked with ($) move to Enhanced Surveillance Measure (ESM) Framework
  • Securities marked with (*) move to Long Term ASM (LT-ASM) Framework
  • Securities marked with (@) indicate SME scrips
  • Securities marked with (~) indicate T+0 scrips shortlisted as per parent company

Important Dates

  • Effective Date: December 11, 2025 - All changes to ST-ASM framework become applicable

Impact Assessment

Market Impact: Medium - The addition of 5 securities to ST-ASM may result in reduced liquidity and higher trading costs for these stocks. Investors should exercise caution when trading these securities.

Investor Impact: Securities under ST-ASM framework typically face additional price bands, higher margin requirements, and potential restrictions on intraday trading, which may affect short-term trading strategies.

Positive Development: One security moving to lower stage indicates improved price stability, while 8 securities exiting the framework (though some moving to other surveillance measures) suggests varied market conditions across different stocks.

Impact Justification

Affects trading conditions for multiple securities through surveillance measures, impacting liquidity and trading patterns for listed companies and their investors