Description

BSE announces changes to Short Term Additional Surveillance Measure framework with 7 securities shortlisted, 1 security moving to lower stage, and 6 securities moving out, effective January 19, 2026.

Summary

BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 19, 2026. The circular identifies 7 securities being newly shortlisted in the ST-ASM framework, 1 security moving to a lower stage ASM, and 6 securities moving out of the framework. The ST-ASM framework is designed to curb excessive speculation and protect investor interests by imposing additional surveillance on securities exhibiting unusual price movements or trading patterns.

Key Points

  • 7 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • Includes 2 SME scrips marked with @ symbol
  • 1 security (Padam Cotton Yarns Ltd) moving to lower stage ASM
  • No securities moving to higher stage ASM
  • 6 securities moving out of ST-ASM framework completely
  • Includes 1 SME scrip moving out (Neptune Logitek Limited)
  • Changes effective from January 19, 2026

Regulatory Changes

The ST-ASM framework applies 5/15/30 day surveillance measures on selected securities. Securities can move between stages based on trading behavior:

Securities Entering ST-ASM (Stage I):

  1. 3C IT Solutions and Telecoms (India) Ltd (544190)
  2. Amit Securities Ltd (531557)
  3. Auto Pins (India) Ltd (531994)
  4. Davangere Sugar Company Ltd (543267)
  5. Ravelcare Limited (544629)
  6. Scan Projects Ltd (531797)
  7. Wardwizard Innovations & Mobility Ltd (538970)

Securities Moving to Lower Stage:

  • Padam Cotton Yarns Ltd (531395)

Securities Exiting ST-ASM:

  1. Aryan Share and Stock Brokers Ltd (542176)
  2. Flora Corporation Ltd (540267)
  3. Godavari Drugs Ltd (530317)
  4. Neptune Logitek Limited (544663)
  5. Prime Fresh Ltd (540404)
  6. Shankara Building Products Ltd (540425)

Compliance Requirements

  • Trading members must ensure compliance with ST-ASM requirements for affected securities
  • Enhanced margin and surveillance requirements apply to securities under ST-ASM
  • Members should update their risk management systems to reflect the revised ST-ASM list
  • Special attention required for SME scrips marked with @ symbol
  • T+0 scrips marked with ~ follow parent company ASM classification

Important Dates

  • Effective Date: January 19, 2026 - All ST-ASM changes take effect
  • Circular Date: January 16, 2026

Impact Assessment

Market Impact:

  • Moderate impact on 14 securities across entry, exit, and stage changes
  • Trading in newly shortlisted securities will face additional surveillance and margin requirements
  • Securities exiting ST-ASM framework will return to normal trading conditions
  • Overall impact limited to specific securities with minimal broader market effect

Investor Impact:

  • Investors trading in newly shortlisted securities should expect higher margin requirements and trading restrictions
  • Enhanced due diligence recommended for securities under surveillance measures
  • Positive development for securities exiting the framework as restrictions are lifted

Operational Impact:

  • Brokers and trading members need to update systems and risk controls by January 19, 2026
  • Surveillance systems must be configured for new ASM classifications
  • Client communication required regarding changed trading conditions

Impact Justification

Routine surveillance measure affecting 14 securities with trading restrictions to manage volatility and protect investors, effective January 19, 2026