Description
BSE announces securities shortlisted for and moving out of Short Term ASM framework effective December 19, 2025, including 10 new additions and 8 removals.
Summary
BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 19, 2025. The circular identifies 10 securities being newly shortlisted into the ST-ASM framework, 8 securities moving out of the framework, and provides a consolidated list of all securities currently under ST-ASM surveillance. No securities are moving between different ASM stages.
Key Points
- 10 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
- 8 securities moving out of ST-ASM Framework
- No securities moving to higher or lower ASM stages within the framework
- Framework includes both main board and SME scrips
- Several securities moving out due to inclusion in other surveillance frameworks (LT-ASM)
- Changes effective from December 19, 2025
Securities Added to ST-ASM (Annexure I)
New Entries (Stage I):
- Amines & Plasticizers Limited (506248)
- Ampvolts Ltd (535719)
- K K SILK MILLS LIMITED (544624) - SME
- Meesho Limited (544632)
- MOTHER NUTRI FOODS LIMITED (544623) - SME
- PMC Fincorp Ltd (534060)
- Ranjit Securities Ltd (531572)
- Sanrhea Technical Textiles Ltd (514280)
- Spice Islands Industries Ltd (526827)
- Valson Industries Ltd (530459)
Securities Removed from ST-ASM (Annexure II)
- Dalmia Industrial Development Ltd (539900)
- Epsom Properties Ltd (531155)
- Mangalam Drugs & Organics Ltd (532637)
- Perfect-Octave Media Projects Ltd (521062) - moved to LT-ASM
- Samor Reality Ltd (543376) - moved to LT-ASM
- SRU Steels Ltd (540914)
- Swagtam Trading & Services Ltd (539406)
- Tirth Plastic Ltd (526675) - moved to LT-ASM
Regulatory Framework
The Short Term ASM framework is a surveillance mechanism applied to securities that exhibit abnormal price movements or excessive volatility over short periods (5/15/30 days). Securities under this framework face additional trading restrictions designed to curb excessive speculation.
Compliance Requirements
- Trading members must be aware of securities under ST-ASM and inform clients
- Enhanced margin requirements apply to securities in ST-ASM framework
- Trading restrictions as per ASM stage requirements are applicable
- Market participants should note securities moving between different surveillance frameworks
Important Dates
- Effective Date: December 19, 2025
- Changes to ST-ASM applicability commence from this date
Impact Assessment
Market Impact: Medium - Affects 18 securities with potential impact on liquidity and trading activity. Securities newly added to ST-ASM may experience reduced trading volumes due to higher margins and surveillance measures.
Operational Impact: Trading members need to update their systems and client communications regarding the surveillance status of affected securities. Securities moving to LT-ASM will face different surveillance parameters requiring operational adjustments.
Impact Justification
Affects trading conditions for 18 securities through addition or removal from surveillance framework, impacting liquidity and trading parameters for these stocks