Description

BSE announces changes to securities under Short Term ASM framework effective January 22, 2026, including additions, removals, and stage modifications.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 22, 2026. Six new securities have been added to ST-ASM, two securities are moving out of the framework, and one security (Glittek Granites Ltd) is being moved to a higher Stage II ASM. The circular provides consolidated lists of all securities currently under various stages of ST-ASM.

Key Points

  • 6 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 2 securities moving out of ST-ASM Framework
  • 1 security (Glittek Granites Ltd) moving to higher Stage ASM
  • Framework includes both mainboard and SME scrips
  • Consolidated list provided with current ASM stage classifications
  • Changes effective from January 22, 2026

Securities Added to ST-ASM (Effective January 22, 2026)

  1. Aarti Surfactants Ltd (543210, INE09EO01013)
  2. Jhandewalas Foods Ltd (540850, INE841Y01019) - SME
  3. Rajeshwari Cans Ltd (543285, INE0CQ101015) - SME
  4. Saffron Industries Ltd (531436, INE474D01013)
  5. Southern Magnesium & Chemicals Ltd (513498, INE308N01012)
  6. ZR2 Bioenergy Ltd (506640, INE218N01021)

Securities Moving Out of ST-ASM

  1. 3C IT Solutions and Telecoms (India) Ltd (544190, INE0R7D01018) - SME
  2. Ravileela Granites Ltd (526095, INE427E01027)

Stage Changes

Moving to Higher Stage:

  • Glittek Granites Ltd (513528, INE741B01027) - Moving to Stage II

Moving to Lower Stage:

  • None

Regulatory Framework

The Short Term ASM framework is designed to alert investors about securities experiencing unusual price movements or volatility. Securities under ST-ASM may have:

  • Enhanced margin requirements
  • Trade-to-trade settlement
  • Price bands
  • Reduced position limits

Securities can move out of ST-ASM if they are included in other frameworks such as LT-ASM, Trade for Trade, GSM, Pledge Framework, or ESM.

Important Dates

  • Effective Date: January 22, 2026
  • All changes to ST-ASM classifications become applicable from this date

Impact Assessment

Market Impact:

  • Investors in the 6 newly added securities will face stricter surveillance measures
  • Enhanced margin requirements may reduce speculative activity
  • Reduced liquidity expected for securities entering ST-ASM
  • Two securities exiting the framework may see improved trading conditions

Trading Impact:

  • Securities under ST-ASM typically have 100% margin requirements
  • Trade-to-trade settlement basis (no intraday squaring off)
  • Heightened scrutiny on price movements and volumes
  • SME scrips included indicate broader market surveillance

Impact Justification

Affects trading conditions for multiple securities under surveillance framework, impacting liquidity and settlement for specific stocks.