Description

BSE updates the list of securities under Short Term Additional Surveillance Measure framework with additions, removals, and stage changes effective January 02, 2026.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 02, 2026. The circular identifies 9 securities newly shortlisted under ST-ASM, 1 security moving to higher stage ASM, 1 security moving to lower stage ASM, and 9 securities moving out of the ST-ASM framework. The ST-ASM framework applies 5/15/30 day surveillance measures to securities exhibiting abnormal price movements.

Key Points

  • 9 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 1 security (V B Industries Ltd) continuing in ST-ASM but moving to higher Stage ASM
  • 1 security (Spright Agro Ltd) continuing in ST-ASM but moving to lower Stage ASM
  • 9 securities moving out of ST-ASM Framework
  • Some securities moving out due to inclusion in other surveillance frameworks (LT-ASM, ESM)
  • Framework includes both main board and SME scrips
  • Consolidated list provided showing all securities currently under ST-ASM with their respective stages

Regulatory Changes

The Short Term Additional Surveillance Measure (ST-ASM) framework continues to be applied with stage-based surveillance levels (5/15/30 days) based on price volatility and trading patterns. Securities are evaluated periodically and moved between stages or frameworks based on their trading behavior.

Compliance Requirements

  • Trading members and investors must be aware of securities under ST-ASM framework
  • Enhanced margin requirements and trading restrictions apply to securities under ASM
  • Market participants should monitor the consolidated list for complete coverage of affected securities
  • Special attention required for securities marked with symbols indicating SME scrips (@) or alignment with NSE (*)

Important Dates

  • Effective Date: January 02, 2026 - All changes to ST-ASM framework become applicable

Impact Assessment

Market Impact: Medium - Affects trading in 27 securities with potential impact on liquidity and trading volumes in these scrips.

Investor Impact: Investors and traders in the affected securities will face enhanced surveillance measures including higher margins and potential trading restrictions. Those holding securities moving out of ST-ASM may see reduced restrictions, while new entrants will face increased trading costs.

Operational Impact: Brokers and trading members need to update their systems and risk management frameworks to reflect the new ST-ASM classifications and margin requirements for affected securities.

Impact Justification

Regular surveillance measure update affecting 27 securities with trading restrictions; impacts investors and traders in listed securities but part of routine market surveillance