Description

BSE announces securities moving into and out of Long Term ASM Framework effective January 23, 2026, with four new securities shortlisted in LT-ASM.

Summary

BSE has issued updates to the Long Term Additional Surveillance Measure (LT-ASM) Framework effective January 23, 2026. Four securities have been newly shortlisted for inclusion in the LT-ASM Framework: Capital Trust Ltd, Jay Ambe Supermarkets Ltd, Rekvina Laboratories Ltd, and Sirohia & Sons Ltd. No securities are moving to higher or lower ASM stages, and no securities are exiting the framework during this update.

Key Points

  • Four new securities shortlisted in Long Term ASM Framework effective January 23, 2026
  • Capital Trust Ltd (511505, INE707C01018)
  • Jay Ambe Supermarkets Ltd (544514, INE1DRH01011)
  • Rekvina Laboratories Ltd (526075, INE092O01028)
  • Sirohia & Sons Ltd (538667, INE785O01019)
  • No securities moving to higher ASM stages (Part B: NIL)
  • No securities moving to lower ASM stages (Part C: NIL)
  • No securities moving directly to Stage IV LT-ASM (Part D: NIL)
  • No securities exiting LT-ASM Framework (Annexure II: NIL)
  • Consolidated list provided showing all securities currently under various ASM stages

Regulatory Changes

The Long Term ASM Framework continues to operate as per existing guidelines. Securities under LT-ASM are subject to enhanced surveillance measures including:

  • Additional surveillance monitoring for price movements
  • Potential trading restrictions
  • Enhanced disclosure requirements
  • Regular review for stage movement or exit from framework

Securities can exit LT-ASM Framework if they are moved to other frameworks including Trade for Trade (*), GSM Framework (#), ESM Framework ($), or IBC Framework (&).

Compliance Requirements

  • Market participants must be aware of the four newly included securities under LT-ASM surveillance
  • Trading in these securities will be subject to LT-ASM provisions from January 23, 2026
  • Investors should exercise caution while trading in securities under surveillance measures
  • Brokers must ensure clients are informed about surveillance framework applicability

Important Dates

  • Effective Date: January 23, 2026 - New securities enter LT-ASM Framework
  • Circular Date: January 22, 2026

Impact Assessment

Market Impact: Medium - Four securities will face enhanced surveillance which may impact liquidity and trading volumes. Investors typically exercise greater caution with securities under surveillance frameworks.

Investor Impact: Investors holding or trading in the four newly listed securities should be aware of the enhanced surveillance status. This may lead to increased volatility or reduced liquidity.

Operational Impact: No securities are transitioning between stages or exiting the framework, indicating stable surveillance conditions for existing monitored securities. The consolidated list shows multiple securities across ASM Stages I, II, and IV continue under surveillance.

Impact Justification

Four securities newly placed under Long Term ASM surveillance with enhanced monitoring, but no securities moving to higher stages or exiting framework