Description

BSE announces securities shortlisted, moved, and removed from the Short Term Additional Surveillance Measure framework effective December 22, 2025.

Summary

BSE has issued an update on the Short Term Additional Surveillance Measure (ST-ASM) framework, announcing 13 securities entering the framework, 6 securities moving out, and providing a consolidated list of all securities currently under ST-ASM. The changes are effective from December 22, 2025. The ST-ASM framework is applied to securities witnessing unusual price movements or volatility to ensure market stability.

Key Points

  • 13 securities shortlisted for inclusion in Short Term 5/15/30 Days ASM Framework
  • 6 securities moving out of ST-ASM Framework (some moved to other surveillance frameworks like LT-ASM, ESM)
  • No securities moving to higher or lower ASM stages
  • Several SME scrips included in the surveillance measure
  • Effective date: December 22, 2025

Securities Entering ST-ASM Framework

13 securities shortlisted (effective December 22, 2025):

  1. Bhatia Colour Chem Ltd (543497, INE0KQ001017) - SME
  2. DJ Mediaprint & Logistics Ltd (543193, INE0B1K01014)
  3. Exato Technologies Ltd (544626, INE1E4401010) - SME
  4. Jay Kailash Namkeen Ltd (544160, INE0MSS01019) - SME
  5. LGB Forge Ltd (533007, INE201J01017)
  6. Lykis Ltd (530689, INE624M01014)
  7. OK Play India Ltd (526415, INE870B01024)
  8. Omni AXs Software Ltd (532340, INE369B01019)
  9. Relicab Cable Manufacturing Ltd (539760, INE773T01014)
  10. Swagtam Trading & Services Ltd (539406, INE150R01019)
  11. TCI Finance Ltd (501242, INE911B01018)
  12. Transvoy Logistics India Ltd (543754, INE0MPU01011) - SME
  13. Walchandnagar Industries Ltd (507410, INE711A01022)

Securities Exiting ST-ASM Framework

6 securities moving out (effective December 22, 2025):

  1. Chandra Bhagat Pharma Ltd (542934, INE07QQ01016) - Moving to LT-ASM Framework, SME
  2. Jhandewalas Foods Ltd (540850, INE841Y01019) - SME
  3. Pankaj Polymers Ltd (531280, INE698B01011) - Moving to ESM Framework
  4. Ranjit Securities Ltd (531572, INE863D01017) - Moving to ESM Framework
  5. Scintilla Commercial & Credit Ltd (538857, INE892C01018) - Moving to ESM Framework
  6. Star Housing Finance Ltd (539017, INE526R01028) - Moving to LT-ASM Framework

Regulatory Changes

The ST-ASM framework applies additional surveillance measures to securities experiencing unusual price movements. Securities under this framework may face:

  • Enhanced margin requirements
  • Reduced price bands
  • Additional disclosure requirements
  • Increased monitoring by the exchange

Compliance Requirements

  • Trading members must ensure compliance with enhanced surveillance conditions for listed securities
  • Investors should be aware of additional margin requirements when trading ST-ASM securities
  • Brokers must inform clients about securities under surveillance measures
  • All trades in these securities will be subject to enhanced monitoring

Important Dates

  • December 22, 2025: Effective date for all changes to ST-ASM framework
  • Securities enter and exit the framework from this date

Impact Assessment

Market Impact: Medium - The inclusion of 13 securities and removal of 6 securities will affect trading dynamics for these stocks. Investors may face higher margin requirements and lower liquidity.

Operational Impact: Trading in the newly included securities will be subject to stricter surveillance, potentially reducing speculative activity and stabilizing prices. Securities exiting ST-ASM but entering other frameworks (LT-ASM, ESM) will continue to face surveillance measures.

Investor Impact: Traders and investors holding positions in affected securities should be aware of changed trading conditions, including potential margin calls and reduced liquidity.

Impact Justification

Affects trading conditions for 13 securities entering ST-ASM framework and 6 securities exiting, impacting liquidity and trading costs for affected stocks