Description

BSE updates the list of securities under Short Term ASM framework effective January 22, 2026, including new additions, stage movements, and securities moving out of the framework.

Summary

BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) Framework effective January 22, 2026. The circular identifies securities being newly added to the framework, those moving between different ASM stages, and securities exiting the framework. Six securities are being added to ST-ASM, one security is moving to a higher stage, and two securities are moving out of the framework.

Key Points

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

Securities Added to ST-ASM Framework (Annexure I - Part A)

New Additions (Stage I):

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

Moving to Higher Stage:

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

Securities Exiting ST-ASM Framework (Annexure II - Part A)

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

Regulatory Changes

The Short Term ASM Framework is a surveillance measure designed to alert investors about securities showing abnormal price movements. Securities under this framework face additional trading restrictions including:

  • Price bands limitations
  • Trade-to-trade settlement
  • Enhanced margin requirements
  • Increased scrutiny of trading patterns

Securities may move out of ST-ASM due to inclusion in other frameworks: LT-ASM, Trade for Trade, GSM, Pledge Framework, or ESM Framework.

Compliance Requirements

  • Market participants must note the revised surveillance status of affected securities
  • Traders should be aware of modified trading conditions for securities entering or moving within ST-ASM stages
  • Brokers must ensure proper risk disclosure to clients trading in ST-ASM securities
  • Enhanced due diligence required for securities under surveillance measures

Important Dates

  • Effective Date: January 22, 2026 - All changes to ST-ASM framework become applicable

Impact Assessment

Market Impact:

  • Reduced liquidity for securities newly added to ST-ASM framework
  • Higher trading costs due to increased margin requirements
  • Potential price volatility during transition period

Investor Impact:

  • Investors holding affected securities should be aware of modified trading conditions
  • Day trading strategies may be affected due to trade-to-trade settlement
  • Enhanced risk awareness required for trading in surveillance securities

Operational Impact:

  • Brokers need to update risk management systems for affected securities
  • Margin requirements will be adjusted for securities entering higher ASM stages
  • Market surveillance systems will apply enhanced monitoring for listed securities

Impact Justification

Affects trading conditions for specific securities under surveillance framework; impacts liquidity and trading strategies for listed companies