Description

BSE announces securities being added to, moved within, or removed from the Enhanced Surveillance Measure framework effective January 21, 2026.

Summary

BSE has updated the list of securities under the Enhanced Surveillance Measure (ESM) framework effective January 21, 2026. Two new securities are being added to ESM: AuSom Enterprise Ltd and Best Agrolife Ltd. One security, Bits Ltd, will be moved to a higher ESM stage. No securities are moving to lower ESM stages or exiting the framework at this time.

Key Points

  • 2 securities newly shortlisted for ESM framework: AuSom Enterprise Ltd (509009) and Best Agrolife Ltd (539660)
  • 1 security moving to higher ESM stage: Bits Ltd (526709)
  • No securities moving to lower ESM stages
  • No securities exiting ESM framework
  • Consolidated list includes 30+ securities across ESM Stage I and Stage II
  • Changes effective from January 21, 2026

Regulatory Changes

The Enhanced Surveillance Measure framework places additional trading restrictions on securities that exhibit certain risk characteristics. Securities under ESM are subject to:

  • Trade-for-Trade settlement (no intraday trading)
  • Additional disclosure requirements
  • Staged framework with escalating measures
  • Price bands and other surveillance controls

Securities can move between stages based on compliance and risk assessment.

Compliance Requirements

  • Trading members must ensure trade-for-trade settlement for all ESM securities
  • No intraday squaring off permitted for ESM securities
  • Members must inform clients about ESM status of securities
  • Enhanced monitoring and reporting requirements apply
  • Clients must take/give delivery of shares for all ESM trades

Important Dates

  • Effective Date: January 21, 2026 - New ESM classifications and stage movements take effect

Impact Assessment

Trading Impact: Securities added to or moved within ESM framework face reduced liquidity due to trade-for-trade requirements. Intraday traders and speculators typically avoid ESM stocks, leading to lower trading volumes.

Investor Impact: Investors in AuSom Enterprise Ltd and Best Agrolife Ltd will experience mandatory delivery-based trading only. Bits Ltd investors face stricter surveillance as the stock moves to higher ESM stage.

Market Impact: Limited to specific securities listed. The framework aims to protect investors by identifying and monitoring securities with unusual price movements or other risk indicators.

Annexure Details

Annexure I - Securities Shortlisted/Moving Within ESM

New Entries (Stage I):

  1. AuSom Enterprise Ltd (509009, INE218C01016)
  2. Best Agrolife Ltd (539660, INE052T01021)

Moving to Higher Stage:

  1. Bits Ltd (526709, INE839A01021)

Annexure II - Securities Exiting ESM

Nil - No securities are exiting the ESM framework in this update.

Annexure III - Consolidated ESM List (Partial)

The consolidated list includes securities across ESM Stage I and Stage II, including:

  • Stage I: 29+ securities including newly added AuSom Enterprise and Best Agrolife
  • Stage II: Multiple securities including Aadi Industries Ltd, ABM Knowledgeware Ltd, Alps Industries Ltd, Anirit Ventures Ltd, and Ashnisha Industries Ltd

Impact Justification

Affects specific securities under enhanced surveillance with trading restrictions, impacting liquidity and settlement for listed companies