Description

BSE circular on securities being added to, moved within, or removed from the Short Term ASM framework effective January 21, 2026.

Summary

BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 21, 2026. Four securities are being newly shortlisted under ST-ASM Stage I framework, while eight securities are moving out of the framework. No securities are moving to higher or lower stages within the framework.

Key Points

  • 4 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework at Stage I
  • 8 securities moving out of ST-ASM Framework
  • Changes effective from January 21, 2026
  • One security moving out due to inclusion in LT-ASM Framework (AuSom Enterprise Ltd)
  • Framework includes provisions for SME scrips and T+0 scrips

Securities Added to ST-ASM Stage I

  1. Chandra Prabhu International Ltd (530309, INE368D01025)
  2. Hindustan Tin Works Ltd (530315, INE428D01019)
  3. IFCI Limited (500106, INE039A01010) - As per NSE
  4. Riddhi Siddhi Gluco Biols Ltd (524480, INE249D01019)

Securities Removed from ST-ASM

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

Regulatory Changes

Securities under ST-ASM framework are subject to enhanced surveillance measures including trading restrictions and special monitoring. The framework operates in stages (5/15/30 Days) with varying levels of surveillance intensity. Securities can move between stages or to other surveillance frameworks (LT-ASM, ESM, GSM, Trade for Trade, Pledge Framework) based on market behavior.

Compliance Requirements

  • Market participants must note the revised surveillance status of affected securities
  • Trading in newly added securities will be subject to ST-ASM Stage I restrictions
  • Brokers and investors should adjust their risk management systems accordingly
  • Securities moving out of ST-ASM may still be under other surveillance frameworks

Important Dates

  • Effective Date: January 21, 2026
  • Circular Date: January 20, 2026

Impact Assessment

The addition of 4 securities to ST-ASM Stage I will result in enhanced surveillance and potential trading restrictions for these stocks. Investors holding or trading these securities should expect increased monitoring and possible additional margin requirements. The removal of 8 securities from ST-ASM provides relief, though one security (AuSom Enterprise Ltd) is moving to the more stringent LT-ASM framework. Overall market impact is limited to specific securities and their investors.

Impact Justification

Affects trading conditions for specific securities under surveillance framework. 4 securities added to ST-ASM Stage I, 8 securities removed from framework.