Description
BSE announces securities subject to Short Term Additional Surveillance Measure framework, with 26 securities being added and 7 securities moving out effective December 17, 2025.
Summary
BSE has issued a circular regarding the applicability of Short Term Additional Surveillance Measure (ST-ASM) framework effective December 17, 2025. The circular lists 26 securities being shortlisted under the Short Term 5/15/30 Days ASM Framework and 7 securities moving out of the framework. This surveillance measure is designed to monitor securities with unusual price movements or volatility patterns.
Key Points
- 26 securities added to Short Term 5/15/30 Days ASM Framework effective December 17, 2025
- 7 securities moving out of ST-ASM Framework (some transitioning to other surveillance frameworks)
- No securities moving to higher stage ASM or lower stage ASM
- Framework includes both regular and SME scrips
- Some securities marked with special designations for T+0 trading and SME status
Securities Entering ST-ASM Framework
The following 26 securities are being added to the Short Term ASM framework:
- Aerpace Industries Ltd (534733)
- AG Ventures Ltd (506579)
- Amarnath Securities Ltd (538465)
- Anna Infrastructures Ltd (530799)
- Concord Enviro Systems Ltd (544315)
- Coromandel Engineering Company Ltd (533167)
- Cupid Breweries And Distilleries Ltd (512361)
- Deccan Bearings Ltd (505703)
- Digjam Ltd (539979)
- Kings Infra Ventures Ltd (530215)
- Looks Health Services Ltd (534422)
- Maha Rashtra Apex Corporation Ltd (523384)
- Mansi Finance (Chennai) Ltd (511758)
- Praveg Ltd (531637)
- RLF Ltd (512618)
- Samor Reality Ltd (543376)
- Shakti Pumps India Ltd (531431 & 131431)
- Siddha Ventures Ltd (530439)
- Soma Papers & Industries Ltd (516038)
- Tirth Plastic Ltd (526675)
- Transformers and Rectifiers (India) Ltd (532928 & 132928)
- Triumph International Finance India Ltd (532131)
- Unifinz Capital India Ltd (541358)
- Valiant Communications Ltd (526775)
Securities Exiting ST-ASM Framework
The following 7 securities are moving out of ST-ASM Framework:
- Amkay Products Ltd (544169) - moving to ESM Framework
- Capital Trust Ltd (511505)
- Eldeco Housing & Industries Ltd (523329)
- Jay Kailash Namkeen Ltd (544160)
- KBS India Ltd (530357)
- Mohite Industries Ltd (532140)
- West Leisure Resorts Ltd (538382)
Regulatory Changes
The ST-ASM framework is part of BSE’s enhanced surveillance mechanism to monitor securities exhibiting unusual price movements or volatility. Securities under this framework may be subject to:
- Reduced leverage limits
- Higher margin requirements
- Trading restrictions
- Enhanced disclosure requirements
- Potential movement to higher surveillance stages based on continued unusual activity
Compliance Requirements
- Trading members must ensure compliance with applicable margin requirements for securities under ST-ASM
- Enhanced due diligence required for transactions in listed securities
- Members should inform clients about the surveillance status of these securities
- All trades must comply with framework-specific restrictions
Important Dates
- Effective Date: December 17, 2025 - All changes to ST-ASM framework become applicable
Impact Assessment
Market Impact: The addition of 26 securities to the ST-ASM framework indicates heightened regulatory scrutiny on these stocks due to unusual trading patterns or volatility. Investors trading these securities may experience:
- Higher margin requirements leading to reduced leverage
- Potential impact on liquidity
- Increased trading costs
- Enhanced monitoring by exchanges
Operational Impact: Trading members need to update their systems to reflect the new surveillance status and ensure appropriate margin collection. The movement of 7 securities out of the framework (with one moving to ESM) provides some relief but requires system updates.
Risk Management: The framework aims to protect market integrity by identifying and monitoring securities with abnormal price movements, helping to prevent market manipulation and protect investors from excessive volatility.
Impact Justification
Affects trading conditions for 26 securities entering ST-ASM framework, requiring enhanced surveillance and potentially restricted trading mechanisms