Description

BSE circular listing securities shortlisted for Long Term ASM Framework effective December 16, 2025, including new additions and securities moving out of the framework.

Summary

BSE has issued a circular regarding the applicability of Long Term Additional Surveillance Measure (LT-ASM) Framework effective December 16, 2025. Seven securities have been shortlisted for inclusion in the LT-ASM framework, while one security (Fraser and Company Ltd) is moving out due to inclusion in the GSM Framework. No securities are moving to higher or lower ASM stages.

Key Points

  • 7 securities newly shortlisted in Long Term ASM Framework
  • 1 security (Fraser and Company Ltd) moving out of LT-ASM Framework due to GSM inclusion
  • No securities moving to higher or lower ASM stages
  • Effective date: December 16, 2025
  • Consolidated list includes securities across different ASM stages (I and IV)

Securities Added to LT-ASM Framework

Part A - New Additions (7 securities):

  1. Alphalogic Industries Ltd (543937, INE0NZF01019)
  2. Anand Rayons Ltd (542721, INE02GA01012)
  3. Colab Platforms Ltd (542866, INE317W01030)
  4. Gayatri BioOrganics Ltd (524564, INE052E01015)
  5. RRP Defense Ltd (530929, INE535P01015)
  6. RRP Semiconductor Ltd (504346, INE713N01013)
  7. TV Vision Ltd (540083, INE871L01013)

Securities Removed from LT-ASM Framework

Annexure II - Moving Out (1 security):

  • Fraser and Company Ltd (539032, INE184Q01010) - moved to GSM Framework

Stage Movements

Part B - Securities Moving to Higher ASM Stage: Nil

Part C - Securities Moving to Lower ASM Stage: Nil

Part D - Securities Moving to Direct Stage IV: Nil

Important Dates

  • Effective Date: December 16, 2025

Compliance Requirements

  • Securities in LT-ASM Framework are subject to enhanced surveillance measures
  • Trading members must comply with applicable surveillance requirements for these securities
  • Special conditions may apply to T+0 scrips shortlisted in LT-ASM Framework as per parent company

Impact Assessment

The addition of 7 securities to the LT-ASM Framework will subject them to enhanced surveillance and monitoring by BSE. This measure is typically applied to securities exhibiting abnormal price movements or volatility patterns. Market participants trading these securities should be aware of the additional surveillance and potential trading restrictions. The removal of Fraser and Company Ltd from LT-ASM to GSM Framework indicates a shift to a different surveillance category with its own set of requirements.

Impact Justification

Affects trading in 7 securities newly added to LT-ASM framework with enhanced surveillance measures, while 1 security moves out. Impacts trading conditions but limited to specific stocks.