Description
BSE announces securities being added to and removed from the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 31, 2025.
Summary
BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective December 31, 2025. A total of 17 securities are being newly shortlisted for ST-ASM framework, while 9 securities are being removed. No securities are being moved between higher or lower ASM stages. The ST-ASM framework imposes enhanced surveillance and trading restrictions on securities exhibiting unusual price movements or volatility patterns.
Key Points
- 17 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework from December 31, 2025
- Includes both mainboard and SME scrips (marked with @)
- Some securities listed on both NSE and BSE (marked with *)
- T+0 scrips included based on parent company criteria (marked with ~)
- 9 securities moving out of ST-ASM Framework
- Securities exiting include those moved to LT-ASM, Trade for Trade, GSM, Pledge, or ESM frameworks
- No securities being moved to higher or lower ASM stages within ST-ASM framework
Securities Added to ST-ASM (Effective December 31, 2025)
- Bonlon Industries Ltd (543211)
- Cubex Tubings Ltd (526027)
- Dr Lalchandani Labs Ltd (541299) - SME
- Hind Aluminium Industries Ltd (531979)
- Hindustan Copper Ltd (513599, 113599)
- Kinetic Trust Ltd (531274)
- Landmarc Leisure Corporation Ltd (532275)
- Luxury Time Ltd (544635) - SME
- Medico Intercontinental Ltd (539938)
- MMTC Ltd (513377, 113377)
- Prodocs Solutions Ltd (544643) - SME
- Shree Metalloys Ltd (531962)
- Uniroyal Marine Exports Ltd (526113)
- Vision Cinemas Ltd (526441)
- Western Overseas Study Abroad Ltd (544636) - SME
Securities Removed from ST-ASM (Effective December 31, 2025)
- Bhatia Colour Chem Ltd (543497) - SME
- DJ Mediaprint & Logistics Ltd (543193)
- Exato Technologies Ltd (544626) - SME
- K&R Rail Engineering Ltd (514360) - moved to LT-ASM
- Laddu Gopal Online Services Ltd (537707)
- LGB Forge Ltd (533007)
- Mayur Leather Products Ltd (531680)
- OK Play India Ltd (526415)
- Walchandnagar Industries Ltd (507410)
Regulatory Changes
The ST-ASM framework continues to operate with staged surveillance measures (5/15/30 days). Securities under this framework face enhanced monitoring and potential trading restrictions based on price volatility and unusual trading patterns. The framework serves as a preventive measure to protect investor interests.
Compliance Requirements
- Trading members must note the new securities under ST-ASM surveillance
- Enhanced due diligence required for trades in affected securities
- Clients should be informed about surveillance status of these securities
- Members must comply with any additional margin or trading restrictions imposed under ASM framework
Important Dates
- Effective Date: December 31, 2025 - Changes to ST-ASM framework become applicable
Impact Assessment
The addition of 17 securities to ST-ASM framework will result in enhanced surveillance and potentially stricter trading conditions including higher margins, reduced position limits, or trade-for-trade settlement. This affects retail and institutional investors holding or trading these securities. Securities exiting the framework (9 stocks) will see relaxed surveillance, though some are moving to other restrictive frameworks like LT-ASM. Overall market impact is moderate, affecting specific scrips rather than broad market operations.
Impact Justification
Affects trading conditions for 17 securities being added to ST-ASM framework and removes 9 securities, requiring traders to adjust strategies for these stocks under enhanced surveillance.