Description

BSE announces securities being added to, moved within, and removed from the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 07, 2026.

Summary

BSE has issued updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 07, 2026. Nine securities are being newly added to the ST-ASM framework, one security (Spice Islands Industries Ltd) will be moved to a lower stage, and eight securities are being removed from the framework. The circular also provides a consolidated list of all securities currently under ST-ASM Stage I surveillance.

Key Points

  • 9 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework from January 07, 2026
  • 1 security (Spice Islands Industries Ltd - 526827) moving to lower Stage ASM
  • 8 securities moving out of ST-ASM Framework
  • All changes effective from January 07, 2026
  • Consolidated list includes 9 securities in ST-ASM Stage I
  • Framework includes both regular and SME scrips (marked with @)
  • Some T+0 scrips included based on parent company (marked with ~)

Securities Added to ST-ASM (Stage I)

  1. Chartered Logistics Ltd (531977)
  2. CSB Bank Ltd* (542867)
  3. KMF Builders & Developers Ltd (531578)
  4. Manaksia Aluminium Company Ltd* (539045)
  5. Naksh Precious Metals Ltd (539402)
  6. Robust Hotels Ltd* (543901)
  7. Sattrix Information Security Ltd@ (544189) - SME
  8. Shree Pacetronix Ltd (527005)
  9. SIMANDHAR IMPEX LIMITED (544662)

*As per NSE

Securities Moving to Lower Stage ASM

  • Spice Islands Industries Ltd (526827, INE882D01017)

Securities Removed from ST-ASM

  1. A2Z Infra Engineering Ltd (533292)
  2. KNR Constructions Ltd (532942)
  3. Omaxe Ltd (532880)
  4. Oval Projects Engineering Ltd@ (544498) - SME
  5. Rail Vikas Nigam Limited~ (142649) - T+0
  6. Rail Vikas Nigam Ltd (542649)
  7. Sofcom Systems Ltd (538923)
  8. SSMD Agrotech India Ltd@ (544621) - SME

Regulatory Changes

The Short Term Additional Surveillance Measure applies enhanced monitoring and trading restrictions to securities showing unusual price movements or volumes over 5/15/30 day periods. Securities can be placed in different stages with progressively stricter surveillance measures.

Compliance Requirements

  • Market participants must note the surveillance status changes for affected securities
  • Trading in ST-ASM securities may be subject to additional margins and trade-to-trade settlement
  • Investors should review their positions in affected securities
  • Brokers must ensure compliance with applicable surveillance framework requirements

Important Dates

  • Effective Date: January 07, 2026 - All ST-ASM framework changes become applicable

Impact Assessment

The ST-ASM framework is designed to curb excessive speculation and protect investor interests by imposing additional surveillance on securities with abnormal price or volume movements. Securities under ST-ASM typically face reduced liquidity due to additional margin requirements and trade-to-trade settlement. Investors holding these securities may experience higher trading costs and reduced ease of exit. The removal of 8 securities from the framework may improve their trading liquidity, while the 9 newly added securities will face enhanced monitoring and potential trading restrictions.

Impact Justification

Affects trading conditions for multiple securities through surveillance measures, impacts liquidity and trading for specific stocks but is a routine regulatory surveillance action.