Description

BSE announces securities shortlisted for Long Term ASM framework effective January 08, 2026, including new additions and stage movements.

Summary

BSE has issued a circular regarding the applicability of Long Term Additional Surveillance Measure (LT-ASM) effective January 08, 2026. The circular identifies securities being newly shortlisted for LT-ASM framework, securities moving to higher or lower ASM stages, and provides a consolidated list of all securities under various ASM stages.

Key Points

  • 6 securities newly shortlisted in Long Term ASM Framework (Part A)
  • 2 securities continuing in LT-ASM but moving to higher Stage II ASM (Part B)
  • No securities moving to lower ASM stages (Part C)
  • No securities shortlisted directly for Stage IV LT-ASM (Part D)
  • No securities moving out of Long Term ASM Framework (Annexure II)
  • Consolidated list provided showing all securities under ASM with their respective stages
  • Changes effective from January 08, 2026

Securities Affected

Part A - Newly Shortlisted in LT-ASM:

  1. Captain Technocast Ltd (540652, INE931X01010)
  2. Chartered Logistics Ltd (531977, INE558F01026)
  3. Goyal Aluminiums Ltd (541152, INE705X01026)
  4. Gujarat Natural Resources Ltd (513536, INE207H01018)
  5. JD Cables Ltd (544524, INE14VP01014)
  6. Silver Touch Technologies Ltd* (543525, INE625X01018)

Part B - Moving to Higher ASM Stage II:

  1. Ikoma Technologies Ltd (531997, INE164D01010)
  2. Pro Clb Global Ltd (540703, INE438C01010)

Regulatory Changes

The Long Term ASM framework continues to be applied to identify and monitor securities with abnormal price movements or trading patterns. Securities are placed in different stages (I to IV) based on surveillance parameters, with progressive restrictions at higher stages.

Compliance Requirements

  • Market participants must note the ASM stage applicable to each security
  • Trading in LT-ASM securities is subject to specific restrictions based on the ASM stage
  • Investors should be aware of additional margins and trading limitations applicable to these securities
  • Broker-dealers must ensure compliance with stage-specific requirements for affected securities

Important Dates

  • Effective Date: January 08, 2026
  • All changes to LT-ASM framework and stage movements become applicable from this date

Impact Assessment

Market Impact: Medium - Affects specific securities with enhanced surveillance measures that may impact liquidity and trading volumes

Operational Impact: Trading participants dealing in the affected securities will face additional compliance requirements, margin obligations, and potential restrictions based on ASM stage

Investor Impact: Investors holding or trading these securities should be aware of enhanced surveillance, potential price discovery impact, and additional margin requirements

The consolidated list in Annexure III shows Stage I ASM includes multiple securities, indicating widespread application of basic surveillance measures across various companies.

Impact Justification

Affects trading conditions for specific securities under Long Term ASM framework with staged surveillance measures