Description

BSE announces securities entering and moving within the Long Term Additional Surveillance Measure framework effective January 08, 2026, including stage movements and consolidated list.

Summary

BSE has issued the updated list of securities under the Long Term Additional Surveillance Measure (LT-ASM) framework effective January 08, 2026. Six securities are newly shortlisted into LT-ASM, two securities continue in the framework but move to higher ASM stages (Stage II), and no securities are moving out of the framework. The circular includes a consolidated list showing all securities currently under various ASM stages.

Key Points

  • 6 new securities shortlisted in Long Term ASM Framework: Captain Technocast Ltd, Chartered Logistics Ltd, Goyal Aluminiums Ltd, Gujarat Natural Resources Ltd, JD Cables Ltd, and Silver Touch Technologies Ltd
  • 2 securities moving to higher Stage II ASM: Ikoma Technologies Ltd and Pro Clb Global Ltd
  • No securities moving to lower ASM stages
  • No securities entering Direct Stage IV
  • No securities moving out of LT-ASM Framework
  • Consolidated list includes securities across ASM Stages I, II, and IV
  • Changes effective from January 08, 2026

Regulatory Changes

The Long Term ASM framework continues BSE’s surveillance mechanism to monitor securities with abnormal price movements or other concerns. Securities in this framework face enhanced trading restrictions including:

  • Higher margin requirements
  • Price bands
  • Trade-to-trade settlement
  • Additional disclosure requirements

Progressive stage movements (I to II to IV) indicate escalating surveillance measures based on continued concerns.

Compliance Requirements

  • Trading members must ensure compliance with applicable margin requirements for securities under LT-ASM
  • Members must inform clients about securities under surveillance framework
  • Enhanced due diligence required for orders in these securities
  • Price band and trading restrictions must be observed
  • Trade-to-trade settlement applies where specified

Important Dates

  • Effective Date: January 08, 2026 - All changes to LT-ASM framework become applicable

Impact Assessment

Trading Impact: Securities newly entering or moving to higher stages in LT-ASM framework will experience reduced liquidity due to stricter trading conditions. Investors holding these securities may face difficulty in executing large orders.

Investor Impact: Higher margin requirements and trade-to-trade settlement increase the cost of trading these securities. Retail investors should exercise caution and conduct thorough due diligence.

Market Integrity: The surveillance framework aims to protect investors from excessive speculation and price manipulation in vulnerable securities. Movement to higher stages indicates persistent concerns requiring stronger monitoring.

Operational Impact: Brokers and trading members need to update their systems to reflect new ASM classifications and ensure appropriate margin collection and client communication.

Impact Justification

Affects trading conditions for multiple securities through surveillance framework changes, requiring traders to adjust strategies for impacted stocks