Description
BSE announces inclusion of 26 securities in Short Term ASM framework and removal of 7 securities effective December 17, 2025.
Summary
BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 17, 2025. A total of 26 securities will be shortlisted under the Short Term 5/15/30 Days ASM framework, while 7 securities will be moved out of the framework. The ST-ASM framework is designed to enhance surveillance on securities that exhibit abnormal price movements or volatility.
Key Points
- 26 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
- 7 securities moving out of ST-ASM Framework effective December 17, 2025
- One security (Amkay Products Ltd) moving out due to inclusion in ESM Framework
- No securities moving to higher or lower stage ASM at this time
- Framework includes regular securities, SME scrips, and T+0 scrips
- Shakti Pumps India Ltd and Transformers and Rectifiers (India) Ltd listed with both regular and T+0 scrip codes
Securities Entering ST-ASM Framework
The following 26 securities will be subject to Short Term ASM measures:
- 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 will move out of the 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
Securities under ST-ASM framework are subject to enhanced surveillance measures including:
- Restrictions on trading mechanisms
- Additional disclosure requirements
- Periodic review based on 5/15/30 day performance criteria
- Possible movement to higher surveillance stages based on continued abnormal behavior
Compliance Requirements
- Investors and traders must be aware of enhanced surveillance status when trading these securities
- Market participants should exercise caution when dealing with ST-ASM securities
- Brokers must ensure clients are informed about the surveillance measures applicable to these securities
- Securities can move between different ASM stages or to other surveillance frameworks (ESM, GSM, LT-ASM, Trade for Trade, Pledge Framework)
Important Dates
- Effective Date: December 17, 2025 - Changes to ST-ASM framework come into effect
Impact Assessment
Market Impact: Medium - The inclusion of 26 securities in ST-ASM framework will result in stricter trading conditions for these stocks, potentially affecting liquidity and trading volumes. The removal of 7 securities provides relief to those counters, particularly Amkay Products Ltd which moves to ESM framework.
Investor Impact: Investors holding or trading these securities should be aware that ST-ASM designation typically indicates concerns about price volatility or abnormal trading patterns. This may affect trading strategies and risk assessment.
Operational Impact: Market participants need to update their systems and risk management frameworks to account for the new ST-ASM securities and remove the exiting ones from enhanced surveillance monitoring.
Impact Justification
Affects trading conditions for 26 securities under enhanced surveillance, with 7 securities being removed. Significant for investors and traders in these specific stocks but limited broader market impact.