Description

BSE announces securities being added to and removed from the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 20, 2026.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework. Effective January 20, 2026, 9 securities will be newly added to the ST-ASM framework, while 7 securities will be removed from the framework. No securities are being moved to higher or lower stages within the ST-ASM framework.

Key Points

  • 9 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 7 securities moving out of ST-ASM Framework
  • Some securities exiting ST-ASM due to inclusion in other frameworks (LT-ASM, Trade for Trade, GSM, Pledge, or ESM)
  • Changes effective from January 20, 2026
  • No securities moving between stages within ST-ASM framework

Securities Being Added to ST-ASM (Effective January 20, 2026)

  1. AAA Technologies Ltd (543671, INE0D0U01013)
  2. Antelopus Selan Energy Ltd (530075, INE818A01017)
  3. Caspian Corporate Services Ltd (534732, INE176N01039)
  4. Diligent Media Corporation Ltd (540789, INE016M01021)
  5. Jauss Polymers Ltd (526001, INE593O01017)
  6. JTL Industries Ltd (534600, INE391J01032)
  7. Mukat Pipes Ltd (523832, INE862C01029)
  8. Premier Polyfilm Ltd (514354, INE309M01020)
  9. Sunrakshakk Industries India Ltd (539300, INE671K01027)

Securities Moving Out of ST-ASM (Effective January 20, 2026)

  1. Auto Pins (India) Ltd (531994, INE706C01028) - Moving to LT-ASM Framework
  2. G N A Axles Ltd (540124, INE934S01014)
  3. Gajanan Securities Services Ltd (538609, INE868G01019)
  4. Lasa Supergenerics Ltd (540702, INE670X01014)
  5. Looks Health Services Ltd (534422, INE204N01013)
  6. PG Foils Ltd (526747, INE078D01012) - Moving to LT-ASM Framework
  7. Sangam Finserv Ltd (538714, INE475D01010)

Regulatory Changes

The Short Term ASM framework continues to apply enhanced surveillance measures to securities showing unusual price movements or volatility patterns. Securities in this framework are subject to additional monitoring and may have modified trading conditions to protect investor interests.

Compliance Requirements

  • Market participants must note the revised list of securities under ST-ASM framework
  • Trading members should update their systems to reflect the new surveillance measures
  • Investors should be aware that securities under ST-ASM may have different trading parameters and restrictions
  • SME scrips and T+0 scrips have specific markings as indicated in the circular

Important Dates

  • Effective Date: January 20, 2026 - All additions and removals from ST-ASM framework become effective

Impact Assessment

The addition of 9 securities to ST-ASM indicates enhanced surveillance measures being applied due to unusual market activity or volatility patterns. This will result in:

  • Modified trading conditions for these securities
  • Enhanced monitoring and potential price bands or trading restrictions
  • Improved investor protection through additional surveillance
  • Reduced speculative activity in these securities

The removal of 7 securities suggests either improved trading patterns or migration to other surveillance frameworks (LT-ASM in case of Auto Pins and PG Foils). This provides a net addition to the ST-ASM universe, indicating BSE’s continued focus on market surveillance and investor protection.

Impact Justification

Affects trading conditions for 16 securities through additions and removals from ST-ASM framework, impacting liquidity and surveillance measures for these stocks