Description

BSE updates list of securities under Long Term Additional Surveillance Measure framework, adding 4 new securities and 1 security to direct Stage IV effective January 02, 2026.

Summary

BSE has updated the list of securities under the Long Term Additional Surveillance Measure (LT-ASM) framework effective January 02, 2026. Four new securities have been shortlisted for LT-ASM, and one security (Indosolar Ltd) has been placed directly in Stage IV of the framework. No securities are moving to higher or lower stages, and no securities are exiting the LT-ASM framework in this update.

Key Points

  • 4 new securities added to LT-ASM framework: Kinetic Trust Ltd (531274), Medico Intercontinental Ltd (539938), Shantai Industries Ltd (512297), and Vision Cinemas Ltd (526441)
  • Indosolar Ltd (533257) directly placed in Stage IV LT-ASM framework
  • No securities moved to higher or lower ASM stages
  • No securities removed from LT-ASM framework
  • Comprehensive consolidated list provided showing all securities currently under various ASM stages
  • Framework designed to protect investors in securities showing abnormal price movements or trading patterns

Regulatory Changes

The Long Term ASM framework continues to apply surveillance measures to securities that exhibit concerning trading characteristics. Securities under this framework face additional restrictions including:

  • Enhanced margin requirements
  • Trading restrictions to curb excessive speculation
  • Periodic review for stage progression or removal
  • Special surveillance to monitor price and volume movements

Compliance Requirements

  • Market participants must comply with applicable margin requirements for securities listed under LT-ASM
  • Trading members should ensure clients are aware of securities under surveillance measures
  • Enhanced due diligence required for transactions in listed securities
  • Adherence to applicable price bands and trading restrictions

Important Dates

  • Effective Date: January 02, 2026 - New securities enter LT-ASM framework and Indosolar Ltd moves to Stage IV

Impact Assessment

Market Impact: The addition of 4 securities to LT-ASM and placement of Indosolar Ltd in direct Stage IV indicates heightened regulatory scrutiny on these stocks. Investors should exercise caution when trading these securities.

Trading Impact: Securities under LT-ASM face higher margin requirements and trading restrictions, which may reduce liquidity and increase transaction costs. Stage IV placement for Indosolar Ltd indicates most severe surveillance level.

Investor Protection: The framework aims to protect retail investors from potential losses due to excessive speculation or price manipulation in vulnerable securities. The consolidated list provides transparency on all securities currently under surveillance across different stages.

Impact Justification

Regular surveillance measure update affecting 5 securities with trading restrictions to protect investors from volatile/risky stocks