Description

BSE announces changes to Short Term ASM framework effective January 30, 2026, including 10 securities entering ST-ASM and 7 securities exiting the framework.

Summary

BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective January 30, 2026. Ten securities will be newly shortlisted under the ST-ASM framework, while seven securities will exit the framework. No securities are moving between ASM stages. The ST-ASM framework applies enhanced surveillance to securities showing abnormal price movements or volatility patterns.

Key Points

  • 10 securities newly entering Short Term 5/15/30 Days ASM Framework from January 30, 2026
  • 7 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages within the framework
  • Framework includes special markers for SME scrips (@) and T+0 scrips (~)
  • Consolidated list provided with current ASM stage classifications

Securities Entering ST-ASM (Effective January 30, 2026)

  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 (Effective January 30, 2026)

  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 Changes

The ST-ASM framework continues to apply short-term surveillance measures for 5/15/30 day periods to securities demonstrating price volatility or unusual trading patterns. Securities may exit ST-ASM if they move to other surveillance frameworks including LT-ASM, Trade for Trade, GSM, Pledge Framework, or ESM Framework.

Compliance Requirements

  • Market participants must note the changed surveillance status of affected securities
  • Trading in newly listed ST-ASM securities will be subject to enhanced surveillance measures
  • Brokers and traders should adjust their risk management systems for the affected securities
  • Additional margin requirements and position limits may apply to ST-ASM securities

Important Dates

  • Effective Date: January 30, 2026 - All changes to ST-ASM framework take effect

Impact Assessment

The inclusion of 10 securities in ST-ASM will result in enhanced trading restrictions and monitoring for these stocks, potentially affecting their liquidity and trading volumes. The exit of 7 securities from the framework indicates improved price stability or movement to other surveillance categories. Market participants trading in these securities should be aware of the changed surveillance status and adjust their trading strategies accordingly. The framework helps maintain market integrity by identifying and monitoring securities with abnormal price movements.

Impact Justification

Affects trading mechanism for 17 securities through surveillance framework changes; impacts liquidity and trading patterns for listed companies