Description

BSE updates the list of securities under Short Term Additional Surveillance Measure framework with additions, exits, and stage movements effective January 14, 2026.

Summary

BSE has issued an update to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 14, 2026. The circular adds 4 new securities to the framework, moves 1 security to a higher stage, and removes 7 securities from the framework. The ST-ASM framework applies enhanced surveillance measures to securities exhibiting abnormal price movements.

Key Points

  • 4 securities newly shortlisted in ST-ASM framework (Stage I)
  • 1 security (Vivimed Labs Ltd) moved to higher stage ASM
  • 7 securities moving out of ST-ASM framework
  • Changes effective from January 14, 2026
  • Framework includes SME scrips marked with @
  • Some securities marked with * are also listed on NSE

Securities Added to ST-ASM Framework (Stage I)

  • Adcounty Media India Ltd (544435, INE0W1601012) - SME scrip
  • AuSom Enterprise Ltd (509009, INE218C01016)
  • Dipna Pharmachem Ltd (543594, INE0MC401013) - SME scrip
  • Rukmani Devi Garg Agro Impex Ltd (544552, INE0S5T01017) - SME scrip

Securities Moving to Higher Stage ASM

  • Vivimed Labs Ltd (532660, INE526G01021)

Securities Exiting ST-ASM Framework

  • Royal Cushion Vinyl Products Ltd (526193, INE618A01011)
  • Sita Enterprises Ltd (512589, INE579D01019)
  • Super Bakers India Ltd (530735, INE897A01011)
  • Lykis Ltd (530689, INE624M01014)
  • Sheetal Cool Products Ltd (540757, INE501Y01019)
  • Jay Kailash Namkeen Ltd (544160, INE0MSS01019) - SME scrip
  • Transvoy Logistics India Ltd (543754, INE0MPU01011) - SME scrip

Regulatory Framework

The ST-ASM framework applies 5/15/30 day surveillance stages to securities showing abnormal trading patterns. Securities may move between frameworks based on trading behavior:

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

Important Dates

  • Effective Date: January 14, 2026

Impact Assessment

Securities under ST-ASM framework face enhanced surveillance including potential trading restrictions, increased margin requirements, and price bands. Investors trading these securities should be aware of higher volatility risks and stricter monitoring. The addition of 4 securities and stage elevation of 1 security indicates heightened regulatory scrutiny, while 7 securities exiting suggests improved trading behavior or migration to other surveillance frameworks.

Impact Justification

Routine surveillance framework update affecting 22+ securities with trading restrictions and stage changes