Description

BSE announces shortlisting of 9 securities in ST-ASM framework and exit of 7 securities, effective January 20, 2026.

Summary

BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 20, 2026. Nine securities have been newly shortlisted for inclusion in the ST-ASM framework under Stage I, while seven securities are moving out of the framework. No securities are being moved to higher or lower ASM stages within the short-term framework.

Key Points

  • 9 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework (Stage I)
  • 7 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower stages within ST-ASM
  • Changes effective from January 20, 2026
  • Some securities exiting ST-ASM are moving to other surveillance frameworks (LT-ASM)

Securities Entering ST-ASM (Stage I)

  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 marked with asterisk are as per NSE listing

Securities Exiting ST-ASM

  1. Auto Pins (India) Ltd (531994, INE706C01028)* - moving to LT-ASM
  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
  7. Sangam Finserv Ltd (538714, INE475D01010)

*Securities marked with asterisk are moving to Long Term ASM Framework

Regulatory Framework

The ST-ASM framework is part of BSE’s surveillance mechanism to monitor securities exhibiting abnormal price movements or unusual trading patterns. Securities under this framework may face enhanced surveillance measures including:

  • Trade-for-trade settlement
  • Higher margins
  • Restrictions on certain types of trading
  • Enhanced disclosure requirements

Important Dates

  • Effective Date: January 20, 2026

Impact Assessment

Market Impact: Medium - The inclusion of securities in ST-ASM typically results in reduced liquidity due to additional trading restrictions and margin requirements. Investors holding these securities should be aware of potential impact on trading volumes and price discovery.

Investor Impact: Traders and investors in the affected securities will experience:

  • Potential increase in trading costs due to higher margins
  • Reduced intraday trading opportunities
  • Enhanced monitoring and compliance requirements

Transitional Impact: Seven securities exiting the framework may see improved liquidity, though some are transitioning to the Long Term ASM framework which continues surveillance under different parameters.

Impact Justification

Surveillance measures impact trading conditions for 16 securities, affecting liquidity and investor access but limited to specific stocks under heightened monitoring