Description

BSE announces changes to securities under Short Term Additional Surveillance Measure framework, including new additions, stage movements, and removals effective January 29, 2026.

Summary

BSE has announced updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 29, 2026. Seven securities are being newly shortlisted under the 5/15/30 Days ASM framework, one security is moving to a higher stage, one to a lower stage, and six securities are exiting the framework.

Key Points

  • 7 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 1 security (Antelopus Selan Energy Ltd) moving to higher Stage ASM
  • 1 security (Shipwaves Online Ltd) moving to lower Stage ASM
  • 6 securities moving out of ST-ASM Framework
  • Changes effective from January 29, 2026
  • Framework includes Stage I and Stage II classifications

Securities Newly Added to ST-ASM

  1. Cranex Ltd (Scrip Code: 522001, ISIN: INE608B01010)
  2. Indo Cotspin Ltd (Scrip Code: 538838, ISIN: INE407P01017)
  3. Lotus Chocolate Company Ltd (Scrip Code: 523475, ISIN: INE026D01011)
  4. Mercury Ev-Tech Ltd (Scrip Code: 531357, ISIN: INE763M01028)
  5. Onesource Specialty Pharma Ltd (Scrip Code: 544292, ISIN: INE013P01021)
  6. RLF Ltd (Scrip Code: 512618, ISIN: INE629C01014)
  7. Zenith Steel Pipes & Industries Ltd (Scrip Code: 531845, ISIN: INE318D01020)

Securities Moving Stage

Moving to Higher Stage:

  • Antelopus Selan Energy Ltd (Scrip Code: 530075) - Moving to Stage II

Moving to Lower Stage:

  • Shipwaves Online Ltd (Scrip Code: 544646) - SME Scrip

Securities Exiting ST-ASM Framework

  1. Amit Securities Ltd (Scrip Code: 531557, ISIN: INE137E01014)
  2. Caspian Corporate Services Ltd (Scrip Code: 534732, ISIN: INE176N01039)
  3. Diligent Media Corporation Ltd (Scrip Code: 540789, ISIN: INE016M01021)
  4. JTL Industries Ltd (Scrip Code: 534600, ISIN: INE391J01032)
  5. Premier Polyfilm Ltd (Scrip Code: 514354, ISIN: INE309M01020)
  6. Sunrakshakk Industries India Ltd (Scrip Code: 539300, ISIN: INE671K01027)

Regulatory Changes

The ST-ASM framework is part of BSE’s surveillance measures to monitor securities exhibiting abnormal price movements or trading patterns. Securities may exit ST-ASM due to:

  • Inclusion in LT-ASM Framework
  • Inclusion in Trade for Trade Framework
  • Inclusion in GSM Framework
  • Inclusion in Pledge Framework
  • Inclusion in ESM Framework

Compliance Requirements

  • Trading members must comply with enhanced surveillance requirements for securities under ST-ASM
  • Higher margin requirements and trading restrictions apply to ASM securities
  • Stage movements indicate escalating or de-escalating surveillance intensity
  • Special notations apply: (*) for NSE alignment, (@) for SME scrips, (~) for T+0 scrips

Important Dates

  • Effective Date: January 29, 2026
  • All changes to ST-ASM classifications take effect from market opening on this date

Impact Assessment

The ST-ASM framework impacts liquidity and trading activity in affected securities. Securities newly added or moved to higher stages face increased scrutiny, higher margin requirements, and potential trading restrictions. The framework aims to protect investor interests by monitoring securities with unusual price or volume movements. Investors and traders should be aware of the enhanced surveillance measures when trading in these securities.

Impact Justification

Affects trading in multiple securities through surveillance framework changes, impacting liquidity and trading activity for listed companies