Description

BSE announces securities entering, exiting, and continuing in Short Term ASM framework effective January 08, 2026.

Summary

BSE has updated the list of securities under Short Term Additional Surveillance Measure (ST-ASM) framework effective January 08, 2026. Nine securities are newly shortlisted for ST-ASM, one security will move to higher stage ASM, and eleven securities are exiting the ST-ASM framework. The measure applies 5/15/30 day surveillance periods to monitor unusual price movements and excessive volatility.

Key Points

  • 9 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 1 security (Western Overseas Study Abroad Limited) moving to higher Stage ASM while continuing in ST-ASM
  • 11 securities moving out of ST-ASM Framework
  • Several securities exiting due to inclusion in other frameworks (LT-ASM, GSM)
  • Framework includes both main board and SME scrips
  • Effective date: January 08, 2026

Regulatory Changes

New Entries to ST-ASM (9 securities):

  1. Aryan Share and Stock Brokers Ltd (542176)
  2. Flora Corporation Ltd (540267)
  3. Godavari Drugs Ltd (530317)
  4. Mirc Electronics Ltd (500279)
  5. Neptune Logitek Ltd (544663) - SME
  6. Orient Technologies Ltd (544235)
  7. Prime Fresh Ltd (540404)
  8. Shankara Building Products Ltd (540425)
  9. Sofcom Systems Ltd (538923)

Moving to Higher Stage ASM:

  • Western Overseas Study Abroad Limited (544636) - SME

Exiting ST-ASM (11 securities):

  • Chartered Logistics Ltd - moving to LT-ASM
  • Cubex Tubings Ltd
  • Dr Lalchandani Labs Ltd - SME
  • Hindustan Copper Ltd (2 codes: 513599, 113599)
  • Landmarc Leisure Corporation Ltd
  • MMTC Ltd (2 codes: 513377, 113377)
  • Prodocs Solutions Ltd - SME
  • Silver Touch Technologies Ltd - moving to LT-ASM
  • SMC Global Securities Ltd

Compliance Requirements

  • Trading members must ensure compliance with ST-ASM framework restrictions for listed securities
  • Enhanced surveillance monitoring on price movements and volatility for securities under ST-ASM
  • Adherence to position limits and margin requirements specific to ST-ASM securities
  • Market participants should note that some securities are transitioning between different surveillance frameworks (ST-ASM, LT-ASM, GSM, ESM)

Important Dates

  • Effective Date: January 08, 2026
  • Changes to ST-ASM applicability take effect from market opening on this date

Impact Assessment

Market Impact:

  • Securities entering ST-ASM may experience reduced liquidity and increased margin requirements
  • Higher surveillance scrutiny could lead to price stabilization for volatile securities
  • Investors should be aware of additional compliance measures when trading these securities

Operational Impact:

  • Trading restrictions apply to 9 new securities under enhanced surveillance
  • Brokers need to update systems and risk management protocols for affected securities
  • Securities moving between frameworks require recalibration of risk parameters
  • SME securities (marked with @) require special attention as they have different trading characteristics
  • T+0 scrips (marked with ~) under ST-ASM follow parent company framework rules

Impact Justification

Affects trading in multiple securities with enhanced surveillance measures impacting liquidity and market participation