Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework effective January 21, 2026, including new additions and removals from ST-ASM stages.

Summary

BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 21, 2026. Four securities are being newly shortlisted in the ST-ASM framework, while eight securities are moving out of the framework. The circular includes a consolidated list of securities currently under ST-ASM across different stages.

Key Points

  • 4 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 8 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages within the framework
  • Consolidated list includes 13+ securities under ST-ASM Stage I
  • Changes effective from January 21, 2026

Securities Newly Shortlisted (Annexure I)

New Additions to ST-ASM Framework:

  1. Chandra Prabhu International Ltd (Scrip Code: 530309, ISIN: INE368D01025)
  2. Hindustan Tin Works Ltd (Scrip Code: 530315, ISIN: INE428D01019)
  3. IFCI Limited* (Scrip Code: 500106, ISIN: INE039A01010)
  4. Riddhi Siddhi Gluco Biols Ltd (Scrip Code: 524480, ISIN: INE249D01019)

*As per NSE

Securities Moving Out (Annexure II)

Removals from ST-ASM Framework:

  1. AuSom Enterprise Ltd* (Scrip Code: 509009, ISIN: INE218C01016) - Moving to LT-ASM
  2. Enterprise International Ltd (Scrip Code: 526574, ISIN: INE439G01019)
  3. Golkonda Aluminium Extrusions Ltd (Scrip Code: 513309, ISIN: INE327C01031)
  4. IEC Education Ltd (Scrip Code: 531840, ISIN: INE172B01017)
  5. Optimus Finance Ltd (Scrip Code: 531254, ISIN: INE031G01022)
  6. Rajeshwari Cans Ltd@ (Scrip Code: 543285, ISIN: INE0CQ101015) - SME Scrip
  7. V B Industries Ltd (Scrip Code: 539123, ISIN: INE334E01017)
  8. Vashu Bhagnani Industries Ltd (Scrip Code: 532011, ISIN: INE147C01017)

Consolidated List Highlights (Annexure III)

Sample of securities in ST-ASM Stage I:

  • 3C IT Solutions and Telecoms (India) Ltd
  • AAA Technologies Ltd*
  • Adcounty Media India Ltd@ (SME)
  • AI Champdany Industries Ltd
  • Amit Securities Ltd
  • Antelopus Selan Energy Ltd*
  • Astron Multigrain Ltd@ (SME)
  • Caspian Corporate Services Ltd
  • Davangere Sugar Company Ltd
  • Diligent Media Corporation Ltd*
  • Dipna Pharmachem Ltd@ (SME)

Framework Notations

  • @ SME Scrips in ST-ASM Framework
  • ~ T+0 Scrips shortlisted as per parent company
  • ***** Securities marked for specific conditions (NSE alignment, LT-ASM movement)
  • # Moving out due to GSM Framework inclusion
  • $ Moving out due to ESM Framework inclusion
  • ^ Moving out due to Pledge Framework inclusion
  • ****** Moving out due to Trade for Trade Framework inclusion

Regulatory Changes

The Short Term ASM framework continues to operate with 5/15/30 Days stages to monitor securities showing unusual price movements or excessive volatility. Securities are evaluated periodically and moved in or out based on surveillance criteria.

Compliance Requirements

  • Market participants must note the revised surveillance categorization for affected securities
  • Trading members should update their systems to reflect new ST-ASM classifications
  • Enhanced due diligence may be required for transactions in ST-ASM securities
  • Applicable price bands and trading restrictions for ST-ASM securities must be observed

Important Dates

  • Effective Date: January 21, 2026
  • All changes to ST-ASM framework applicable from market opening on this date

Impact Assessment

Market Impact:

  • Trading in newly added securities may experience reduced liquidity due to surveillance measures
  • Securities moving out of ST-ASM may see normalized trading conditions
  • Investors should exercise caution when trading in ST-ASM securities due to enhanced surveillance

Operational Impact:

  • Brokers and trading members need to update risk management systems
  • Additional margin requirements may apply to ST-ASM securities
  • Enhanced monitoring and reporting obligations for transactions in these securities

Impact Justification

Affects trading conditions for specific securities under surveillance framework with potential impact on liquidity and trading behavior