Description

BSE announces securities shortlisted for, continuing in, and moving out of the Short Term Additional Surveillance Measure framework effective January 30, 2026.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 30, 2026. Ten securities have been newly shortlisted into the ST-ASM framework at Stage I, while seven securities are moving out of the framework. No securities are being moved to higher or lower stages within the framework. The ST-ASM framework involves enhanced surveillance measures including stricter price bands, higher margins, and reduced trading flexibility for securities exhibiting abnormal price movements.

Key Points

  • 10 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework at Stage I
  • 7 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower stages within ST-ASM
  • Changes effective from January 30, 2026
  • Framework includes SME scrips and certain securities marked as per NSE alignment

Securities Entering ST-ASM (Stage I)

  1. Alphalogic Techsys Ltd (542770, INE08E401029)
  2. B2B Software Technologies Ltd (531268, INE151B01011)
  3. Colinz Laboratories Ltd (531210, INE923C01011)
  4. Franklin Leasing and Finance Ltd (539839, INE399S01010) - SME scrip
  5. Grameva Ltd (539120, INE578R01011)
  6. Hit Kit Global Solutions Ltd (532359, INE309B01023)
  7. Indo Euro Indchem Ltd (524458, INE319N01019)
  8. Kitex Garments Ltd (521248, INE602G01020) - As per NSE
  9. Meera Industries Ltd (540519, INE343X01018)
  10. Rajkot Investment Trust Ltd (539495, INE176R01014)

Securities Exiting ST-ASM

  1. Chandra Prabhu International Ltd (530309, INE368D01025)
  2. Forbes & Company Ltd (502865, INE518A01013)
  3. Hindustan Tin Works Ltd (530315, INE428D01019)
  4. IFCI Ltd (500106, INE039A01010)
  5. Quest Flow Controls Ltd (543982, INE0OYE01013)
  6. RDB Infrastructure And Power Ltd (533285, INE245L01028)
  7. Riddhi Siddhi Gluco Biols Ltd (524480, INE249D01019)

Regulatory Framework

The ST-ASM framework is designed to alert investors about securities with abnormal price movements and potential risks. Securities under this framework are subject to:

  • Enhanced surveillance monitoring
  • Potential trading restrictions
  • Additional margin requirements
  • Staged progression based on continued volatility patterns

Securities can exit ST-ASM by moving to other surveillance frameworks (LT-ASM, Trade for Trade, GSM, Pledge Framework, or ESM) or by normalizing trading behavior.

Important Dates

  • Effective Date: January 30, 2026
  • All changes to ST-ASM classification apply from market opening on this date

Impact Assessment

Market Impact: Medium - The changes affect 17 securities with varying market capitalizations. The inclusion of 10 new securities will result in increased trading costs and reduced liquidity for these stocks.

Investor Impact: Investors holding or trading these securities will experience stricter trading conditions, potentially higher margins, and need to exercise additional caution.

Compliance Impact: Trading members and brokers must update their risk management systems to reflect the new ST-ASM classifications and ensure appropriate margin collection and client communication.

Impact Justification

Affects trading conditions for 17 securities with 10 entering ST-ASM framework and 7 exiting, impacting liquidity and trading costs for these stocks