Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework, including additions, removals, and stage movements effective January 13, 2026.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 13, 2026. The circular covers new securities being added to ST-ASM, securities moving between different ASM stages, and securities exiting the framework. ST-ASM is a surveillance mechanism applied to securities exhibiting abnormal price movements or volatility patterns.

Key Points

  • 4 new securities shortlisted under Short Term 5/15/30 Days ASM Framework
  • 2 securities continuing in ST-ASM but moving to higher stage
  • 7 securities moving out of ST-ASM framework
  • Framework includes both mainboard and SME securities
  • Changes effective from January 13, 2026
  • Consolidated list provided showing current ASM stage for all securities

Securities Added to ST-ASM Framework

New Entries (Stage I):

  • Dr Lalchandani Labs Ltd (541299, INE871Z01013) - SME
  • Glittek Granites Ltd (513528, INE741B01027)
  • PG Foils Ltd (526747, INE078D01012)
  • Ravileela Granites Ltd (526095, INE427E01027)

Moving to Higher Stage:

  • LE Lavoir Ltd (539814, INE204S01012)
  • SHIPWAVES ONLINE LIMITED (544646, INE0O9L01010) - SME

Securities Exiting ST-ASM Framework

  • El Forge Ltd (531144, INE158F01017)
  • Mother Nutri Foods Ltd (544623, INE0UH001016) - SME
  • Nexus Surgical And Medicare Ltd (538874, INE370Q01015)
  • Orient Ceratech Ltd (504879, INE569C01020)
  • Palco Metals Ltd (539121, INE239L01013)
  • Technopack Polymers Ltd (543656, INE0MXP01015) - SME
  • Vanta Bioscience Ltd (540729, INE695X01011) - SME

Surveillance Framework Details

Securities may exit ST-ASM due to inclusion in:

  • Long Term ASM (LT-ASM) Framework
  • Trade for Trade Framework
  • Graded Surveillance Measure (GSM) Framework
  • Pledge Framework
  • Enhanced Surveillance Measure (ESM) Framework

Important Dates

  • Effective Date: January 13, 2026
  • Circular Date: January 12, 2026

Impact Assessment

Trading Impact: Securities under ST-ASM face enhanced surveillance with potential trading restrictions including higher margins, reduced price bands, or additional disclosure requirements. The 5/15/30 day framework indicates progressive surveillance stages based on continued volatility patterns.

Market Participants: Traders and investors in these securities should be aware of stricter trading conditions. SME securities constitute a significant portion of the affected list, indicating heightened scrutiny in the SME segment.

Investor Protection: The measure aims to curb excessive speculation and protect retail investors from abnormal price movements in these securities.

Impact Justification

Affects multiple securities with enhanced surveillance measures impacting trading conditions for 24 stocks across addition, removal, and stage movement categories