Description
BSE updates on securities entering and exiting Short Term ASM framework effective December 29, 2025, including 9 new additions and 15 removals.
Summary
BSE has issued an update regarding the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 29, 2025. Nine securities are being newly included in the ST-ASM framework, while 15 securities are being removed. No securities are being moved to higher or lower ASM stages within the framework. The consolidated list shows one security (Amines & Plasticizers Limited) currently in Stage I of the Short Term ASM framework.
Key Points
- 9 securities newly shortlisted for Short Term 5/15/30 Days ASM Framework from December 29, 2025
- 15 securities moving out of ST-ASM Framework effective December 29, 2025
- No securities moving to higher ASM stages
- No securities moving to lower ASM stages
- Securities exiting ST-ASM include moves to LT-ASM (1 security), Trade for Trade (4 securities), and others meeting exit criteria
- Framework includes both mainboard and SME scrips
Regulatory Changes
The ST-ASM framework application is being modified for 24 securities:
New Inclusions (9 securities):
- Ceinsys Tech Ltd (538734)
- Enterprise International Ltd (526574)
- Global Capital Markets Ltd (530263)
- Modi Rubber Ltd (500890)
- My Money Securities Ltd (538862)
- POCL Enterprises Ltd (539195)
- Quantum Digital Vision India Ltd (530281)
- Sasken Technologies Ltd (532663)
- Vivid Mercantile Ltd (542046)
Removals (15 securities):
- 1 security moving to LT-ASM Framework: Teamo Productions HQ Ltd
- 4 securities moving to Trade for Trade Framework: Omni AXs Software Ltd, Relicab Cable Manufacturing Ltd, Swagtam Trading & Services Ltd, Valson Industries Ltd
- 10 securities meeting exit criteria including Asahi Songwon Colors Ltd, Bemco Hydraulics Ltd, Chemkart India Ltd, and others
Compliance Requirements
Market participants must:
- Update trading systems to reflect new ST-ASM classifications effective December 29, 2025
- Apply appropriate surveillance measures and trading restrictions to newly included securities
- Remove ST-ASM restrictions from securities moving out of the framework
- Monitor securities moving to other surveillance frameworks (LT-ASM, Trade for Trade) and apply relevant restrictions
- Ensure proper disclosure and client communication regarding changed trading conditions
Important Dates
- Effective Date: December 29, 2025 - All changes to ST-ASM framework become applicable
- Circular Date: December 26, 2025
Impact Assessment
Market Impact:
- Newly included securities will face enhanced surveillance and potential trading restrictions, likely affecting liquidity
- Securities exiting ST-ASM framework will see relaxed surveillance (unless moving to other frameworks)
- Four securities moving to Trade for Trade framework will experience continued restricted trading conditions
- One security moving to LT-ASM framework will remain under long-term surveillance
Investor Impact:
- Enhanced monitoring requirements for 9 newly included securities may result in price volatility
- Improved trading conditions for 10 securities completely exiting surveillance frameworks
- Continued restrictions for securities transitioning to other surveillance mechanisms
Operational Impact:
- Brokers and trading members must update risk management systems
- Margin requirements and position limits may be affected for securities in ST-ASM
- Enhanced reporting obligations for transactions in newly included securities
Impact Justification
Affects trading conditions for 25 securities with 9 additions and 15 removals from ST-ASM framework, impacting liquidity and trading patterns for affected stocks