Description

BSE updates the list of securities under Short Term ASM framework with new additions and removals effective January 05, 2026.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 05, 2026. Ten securities have been newly shortlisted for inclusion in the ST-ASM framework, while seven securities are being removed. No securities are being moved to higher or lower stage ASM during this update.

Key Points

  • 10 securities shortlisted for ST-ASM framework including El Forge Ltd, LE Lavoir Ltd, Manbro Industries Ltd, and others
  • 7 securities moving out of ST-ASM framework including Baba Arts Ltd, DCX Systems Ltd, Galaxy Bearings Ltd, and others
  • Several SME scrips included in the update (marked with @ symbol)
  • Orient Ceratech Ltd included as per NSE coordination
  • No securities moving to higher or lower stages within ST-ASM framework
  • Effective date: January 05, 2026

Regulatory Changes

The Short Term ASM framework applies enhanced surveillance on securities exhibiting unusual price movements or volatility over 5/15/30 day periods. Securities are categorized into different stages (Stage I onwards) based on surveillance criteria. The framework aims to protect investors from excessive speculation and ensure market integrity.

Compliance Requirements

  • Trading members must be aware of securities under ST-ASM framework
  • Enhanced disclosure requirements apply to securities under surveillance
  • Stricter position limits and margin requirements may apply
  • Market participants should review their positions in affected securities
  • Compliance with ASM-specific trading restrictions mandatory

Important Dates

  • January 05, 2026: Effective date for new ST-ASM inclusions and exclusions
  • January 02, 2026: Circular announcement date

Impact Assessment

Securities Entering ST-ASM (10 stocks):

  • El Forge Ltd, LE Lavoir Ltd, Manbro Industries Ltd, Nexus Surgical And Medicare Ltd, Orient Ceratech Ltd, Palco Metals Ltd, Shipwaves Online Ltd, Technopack Polymers Ltd, Vanta Bioscience Ltd, Vantage Knowledge Academy Ltd
  • These stocks will face enhanced surveillance measures, potentially affecting liquidity and trading volumes
  • Investors should exercise caution when trading these securities

Securities Exiting ST-ASM (7 stocks):

  • Baba Arts Ltd, DCX Systems Ltd, Galaxy Bearings Ltd, Lakhotia Polyesters (India) Ltd, Manaksia Steels Ltd, Quadrant Future Tek Ltd, Suditi Industries Ltd
  • Relief from ST-ASM restrictions; some may have moved to other surveillance frameworks (LT-ASM, Trade for Trade, GSM, Pledge, or ESM)
  • Normal trading conditions resume unless under different surveillance measures

Market Impact:

  • Moderate impact on affected securities’ trading dynamics
  • Enhanced monitoring protects investors from excessive volatility
  • SME scrips particularly affected, requiring additional investor awareness

Impact Justification

Routine surveillance measure update affecting 10 securities entering ST-ASM and 7 securities exiting, indicating moderate market oversight activity with direct trading implications for affected stocks.