Description

BSE announces addition of 4 securities to ST-ASM framework and removal of 7 securities, effective January 16, 2026.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 16, 2026. Four securities are being added to the ST-ASM framework, while seven securities are moving out of the framework. No securities are being moved to higher or lower stages within the framework. The circular includes a consolidated list of all securities currently under ST-ASM monitoring.

Key Points

  • 4 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 7 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages
  • Changes effective from January 16, 2026
  • Consolidated list includes securities across multiple ASM stages (Stage I and beyond)
  • SME scrips and T+0 scrips specifically marked in the framework

Securities Added to ST-ASM (Effective January 16, 2026)

  1. Palm Jewels Ltd (Scrip Code: 541444, ISIN: INE838Z01012)
  2. S. M. Gold Ltd (Scrip Code: 542034, ISIN: INE00Q901014)
  3. Tilak Ventures Ltd (Scrip Code: 503663, ISIN: INE026L01022)
  4. Vashishtha Luxury Fashion Ltd (Scrip Code: 544508, ISIN: INE0WRP01016) - SME Scrip

Securities Moving Out of ST-ASM (Effective January 16, 2026)

  1. CSB Bank Ltd (Scrip Code: 542867, ISIN: INE679A01013)
  2. Global Ocean Logistics India Ltd (Scrip Code: 544665, ISIN: INE1ITY01011) - SME Scrip
  3. KMF Builders & Developers Ltd (Scrip Code: 531578, ISIN: INE580H01026)
  4. Manaksia Aluminium Company Ltd (Scrip Code: 539045, ISIN: INE859Q01017)
  5. Naksh Precious Metals Ltd (Scrip Code: 539402, ISIN: INE256S01012)
  6. Robust Hotels Ltd (Scrip Code: 543901, ISIN: INE508K01013)
  7. Rukmani Devi Garg Agro Impex Ltd (Scrip Code: 544552, ISIN: INE0S5T01017) - SME Scrip

Regulatory Framework

The Short Term Additional Surveillance Measure (ST-ASM) is applied to securities showing abnormal price movements or unusual trading patterns. Securities under this framework are subject to:

  • Enhanced surveillance monitoring
  • Potential trading restrictions in 5/15/30 day cycles
  • Stage-wise progression based on continued unusual activity
  • Price bands and additional margin requirements

Securities may exit ST-ASM by entering other surveillance frameworks including LT-ASM, Trade for Trade, GSM (Graded Surveillance Measure), Pledge Framework, or ESM (Enhanced Surveillance Measure).

Important Dates

  • Effective Date: January 16, 2026
  • Circular Date: January 14, 2026

Impact Assessment

Market Impact: Medium - The addition of 4 securities and removal of 7 securities represents routine surveillance activity. Investors and traders in these specific securities will need to be aware of enhanced monitoring and potential trading restrictions.

Operational Impact: Securities added to ST-ASM framework will face increased scrutiny, potential price bands, and additional margin requirements. This may reduce liquidity and increase volatility in affected scrips. Securities moving out of ST-ASM will have restrictions lifted, potentially improving trading conditions.

Investor Impact: Investors holding positions in newly added securities should be aware of enhanced surveillance measures and potential additional compliance requirements. Those holding securities exiting the framework may see improved market conditions.

Impact Justification

Routine surveillance measure affecting 11 securities with enhanced monitoring under ST-ASM framework