Description
BSE circular announcing securities entering and exiting the Short Term Additional Surveillance Measure framework effective December 22, 2025.
Summary
BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 22, 2025. Thirteen securities are being added to the ST-ASM framework, while six securities are exiting the framework. The circular also provides a consolidated list of all securities currently under ST-ASM with their respective stages.
Key Points
- 13 securities shortlisted for inclusion in Short Term 5/15/30 Days ASM Framework
- 6 securities moving out of ST-ASM Framework
- No securities moving to higher or lower stage within ST-ASM
- Changes effective from December 22, 2025
- Includes both mainboard and SME scrips
- Securities exiting ST-ASM are moving to other surveillance frameworks (LT-ASM, ESM)
Securities Entering ST-ASM (Effective December 22, 2025)
- Bhatia Colour Chem Ltd (543497) - SME
- DJ Mediaprint & Logistics Ltd (543193)
- Exato Technologies Ltd (544626) - SME
- Jay Kailash Namkeen Ltd (544160) - SME
- LGB Forge Ltd (533007)
- Lykis Ltd (530689)
- OK Play India Ltd (526415)
- Omni AXs Software Ltd (532340)
- Relicab Cable Manufacturing Ltd (539760)
- Swagtam Trading & Services Ltd (539406)
- TCI Finance Ltd (501242)
- Transvoy Logistics India Ltd (543754) - SME
- Walchandnagar Industries Ltd (507410)
Securities Exiting ST-ASM (Effective December 22, 2025)
- Chandra Bhagat Pharma Ltd (542934) - Moving to LT-ASM, SME
- Jhandewalas Foods Ltd (540850) - SME
- Pankaj Polymers Ltd (531280) - Moving to ESM
- Ranjit Securities Ltd (531572) - Moving to ESM
- Scintilla Commercial & Credit Ltd (538857) - Moving to ESM
- Star Housing Finance Ltd (539017) - Moving to LT-ASM
Regulatory Changes
The Short Term Additional Surveillance Measure (ST-ASM) is a preventive measure applied to securities showing unusual price movements or volatility. Securities under ST-ASM are subject to enhanced surveillance with stricter trading conditions including higher margins and trading restrictions.
Compliance Requirements
- Market participants must note the revised list of securities under ST-ASM
- Enhanced margin requirements will apply to securities in ST-ASM framework
- Trading in these securities may be subject to additional restrictions as per ST-ASM guidelines
- Brokers and investors should review positions in affected securities
Important Dates
- Effective Date: December 22, 2025
- Circular Date: December 19, 2025
Impact Assessment
Trading Impact: Securities entering ST-ASM will face stricter trading conditions including higher margin requirements and potential Additional Surveillance Deposit (ASD), which may reduce liquidity and increase trading costs.
Investor Impact: Investors holding or planning to trade in the 13 newly listed securities should be aware of increased margin requirements and potential price volatility monitoring.
Market Operations: The movement of 6 securities out of ST-ASM (with 3 moving to ESM and 2 to LT-ASM) indicates escalation of surveillance measures for those specific stocks, suggesting continued concerns about price behavior.
Impact Justification
Surveillance measure affecting 13 securities entering ST-ASM and 6 exiting, impacts trading conditions for affected stocks