Description

BSE circular detailing securities being added to or moved within the Long Term Additional Surveillance Measure framework, effective December 18, 2025.

Summary

BSE has issued a circular regarding the applicability of Long Term Additional Surveillance Measure (LT-ASM) framework effective December 18, 2025. Five securities are being newly added to the LT-ASM framework, while three existing securities will be moved to higher ASM stages. No securities are being removed from the framework or moved to lower stages.

Key Points

  • 5 securities newly shortlisted in Long Term ASM Framework (Stage I)
  • 3 securities moved to higher ASM Stage II from Stage I
  • No securities moved to lower ASM stages
  • No securities removed from LT-ASM Framework
  • No securities placed directly in Stage IV
  • Effective date: December 18, 2025

Regulatory Changes

Part A - New Securities in LT-ASM Framework:

  1. 3B Films Ltd (544412, INE0TE101010)
  2. Agri-Tech (India) Ltd (537292, INE449G01018)
  3. Coromandel Engineering Company Ltd (533167, INE312J01012)
  4. Deccan Bearings Ltd (505703, INE498D01012)
  5. Shashwat Furnishing Solutions Ltd (543519, INE0JMN01019)

Part B - Securities Moving to Higher ASM Stage:

  1. Aayush Wellness Ltd (539528) - Moved to Stage II
  2. Mizzen Ventures Ltd (531537) - Moved to Stage II
  3. Shlokka Dyes Ltd (544582) - Moved to Stage II

Part C - Securities Moving to Lower ASM Stage: Nil

Part D - Securities in Direct Stage IV: Nil

Compliance Requirements

  • Trading members must ensure compliance with LT-ASM framework requirements for affected securities
  • Securities under LT-ASM are subject to additional surveillance measures including trading restrictions
  • Investors should be aware of enhanced surveillance applicable to these securities
  • Market participants must adhere to specific margin and delivery requirements for LT-ASM securities

Important Dates

  • Effective Date: December 18, 2025
  • Circular Date: December 17, 2025

Impact Assessment

Trading Impact: The inclusion of 5 new securities in LT-ASM framework will subject them to stricter surveillance measures, potentially affecting liquidity and trading volumes. The movement of 3 securities to Stage II indicates continued concerns requiring heightened monitoring.

Investor Impact: Investors holding or trading these securities should expect additional margin requirements and delivery obligations. The LT-ASM framework typically requires 100% upfront margin for purchase transactions.

Market Operations: The consolidated list shows 11 securities currently under various ASM stages, indicating ongoing market surveillance efforts to protect investor interests and maintain market integrity.

Impact Justification

Affects trading conditions for 8 securities under surveillance framework, with 5 new additions and 3 securities moving to higher ASM stages