Description

BSE circular detailing securities entering, exiting, and moving within the Short Term Additional Surveillance Measure framework effective January 23, 2026.

Summary

BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 23, 2026. The circular identifies securities being newly added to ST-ASM, those moving between different ASM stages, and securities exiting the framework. One security (Neopolitan Pizza And Foods Ltd) has been newly shortlisted, one security (Vivimed Labs Ltd) is moving to a lower stage, and six securities are being removed from the ST-ASM framework.

Key Points

  • 1 security newly shortlisted in ST-ASM: Neopolitan Pizza And Foods Ltd (Scrip Code: 544269)
  • 1 security moving to lower stage ASM: Vivimed Labs Ltd (Scrip Code: 532660)
  • 6 securities moving out of ST-ASM framework
  • No securities are moving to higher stage ASM
  • Changes effective from January 23, 2026
  • Framework includes Stage I surveillance for 18+ securities in consolidated list

Securities Entering ST-ASM Framework

Newly Shortlisted (Annexure I - Part A)

  • Neopolitan Pizza And Foods Ltd (Scrip Code: 544269, ISIN: INE471R01019) - SME scrip marked with @

Securities Moving Within ST-ASM Framework

Moving to Lower Stage ASM

  • Vivimed Labs Ltd (Scrip Code: 532660, ISIN: INE526G01021) - Moving to lower surveillance stage

Moving to Higher Stage ASM

  • None

Securities Exiting ST-ASM Framework

Moving Out (Annexure II - Part A)

  1. Adcounty Media India Ltd (Scrip Code: 544435, ISIN: INE0W1601012) - SME scrip
  2. Dipna Pharmachem Ltd (Scrip Code: 543594, ISIN: INE0MC401013) - SME scrip
  3. Glittek Granites Ltd (Scrip Code: 513528, ISIN: INE741B01027)
  4. Luxury Time Ltd (Scrip Code: 544635, ISIN: INE1CJB01013) - SME scrip
  5. Mukat Pipes Ltd (Scrip Code: 523832, ISIN: INE862C01029)
  6. Uniroyal Marine Exports Ltd (Scrip Code: 526113, ISIN: INE602H01010)

Consolidated List Summary

Annexure III provides a consolidated list of all securities currently under ST-ASM framework, including:

  • AAA Technologies Ltd, Aarti Surfactants Ltd, AI Champdany Industries Ltd
  • Amit Securities Ltd, Antelopus Selan Energy Ltd, Astron Multigrain Ltd
  • Caspian Corporate Services Ltd, Chandra Prabhu International Ltd
  • Davangere Sugar Company Ltd, Diligent Media Corporation Ltd
  • Dolphin Offshore Enterprises Ltd, Dr Lalchandani Labs Ltd
  • Hindustan Tin Works Ltd, IFCI Limited, Jauss Polymers Ltd
  • Jhandewalas Foods Ltd, JTL Industries Ltd
  • And additional securities (list appears incomplete in source)

Special Notations

  • @ symbol: SME scrips under ST-ASM framework
  • ~ symbol: T+0 scrips shortlisted as per parent company
  • * symbol: Securities aligned with NSE
  • (*) notation: Moving out due to inclusion in LT-ASM Framework
  • (**) notation: Moving out due to Trade for Trade Framework
  • (#) notation: Moving out due to GSM Framework
  • (^) notation: Moving out due to Pledge Framework
  • ($) notation: Moving out due to ESM Framework

Important Dates

  • Effective Date: January 23, 2026
  • Circular Date: January 22, 2026

Impact Assessment

Securities under ST-ASM framework face enhanced surveillance measures which typically include:

  • Reduced price bands
  • 100% upfront margin requirements
  • Trade-to-trade settlement
  • Increased monitoring of price and volume movements
  • Potential additional restrictions on trading

For securities entering ST-ASM, investors should expect reduced liquidity and higher trading costs. Securities exiting the framework will see relaxation of these surveillance measures, potentially improving liquidity. The movement of Vivimed Labs to a lower stage indicates improved compliance or reduced concerns.

Impact Justification

Affects trading conditions for multiple securities through enhanced surveillance measures; impacts liquidity and trading costs for affected stocks