Description

BSE announces securities shortlisted for Long Term ASM Framework and stage movements effective January 21, 2026, including 2 new securities and 1 security moved to higher ASM stage.

Summary

BSE has announced the applicability of Long Term Additional Surveillance Measure (LT-ASM) framework effective January 21, 2026. Two new securities have been shortlisted for inclusion in the LT-ASM Framework (Acceleratebs India Ltd and Best Eastern Hotels Ltd), and one security (Trescon Ltd) will be moved to a higher ASM Stage II while continuing in the framework. No securities are being moved out of the framework or to lower stages.

Key Points

  • 2 new securities added to Long Term ASM Framework: Acceleratebs India Ltd (Scrip Code: 543938) and Best Eastern Hotels Ltd (Scrip Code: 508664)
  • Trescon Ltd (Scrip Code: 532159) moved from current stage to ASM Stage II within LT-ASM Framework
  • No securities moved to lower ASM stages
  • No securities exiting the LT-ASM Framework
  • No securities shortlisted for Direct Stage IV under LT-ASM
  • Consolidated list includes 20 securities across various ASM stages (I through IV)
  • Changes effective from January 21, 2026

Regulatory Changes

The Long Term Additional Surveillance Measure (LT-ASM) framework continues to be applied to securities meeting specific surveillance criteria. Securities under this framework face enhanced monitoring and trading restrictions based on their ASM stage (I through IV). Stage progression indicates increasing surveillance concerns.

Compliance Requirements

  • Trading members must be aware of securities under LT-ASM and their respective stages
  • Enhanced due diligence required for transactions in LT-ASM securities
  • Traders should note that securities in higher ASM stages may have additional trading restrictions
  • Market participants must comply with framework requirements as per notice no.20210604-41 for Stage IV classifications

Important Dates

  • Effective Date: January 21, 2026 - New securities enter LT-ASM Framework and stage movements take effect

Impact Assessment

Market Impact: Limited to specific securities under surveillance. The addition of 2 new securities and upward movement of 1 security indicates continued regulatory monitoring of these scrips.

Trading Impact: Securities under LT-ASM face trading restrictions including price bands, quantity limits, and 100% margin requirements depending on their ASM stage. Trescon Ltd moving to Stage II will face more stringent surveillance measures.

Investor Impact: Investors holding or trading these securities should be aware of enhanced surveillance status, which may affect liquidity and trading flexibility. The consolidated list shows 20 securities currently under various LT-ASM stages, with most at Stage I.

Impact Justification

Affects specific securities under enhanced surveillance with trading restrictions. Limited to 3 securities with stage changes, moderate impact on affected scrips only.