Description

BSE announces securities shortlisted for, continuing in, and moving out of the Short Term Additional Surveillance Measure (ST-ASM) 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 for ST-ASM, while seven securities are moving out of the framework. The circular provides consolidated lists showing securities under different stages (Stage I and Stage II) of the ST-ASM framework, which applies enhanced surveillance on securities exhibiting abnormal price movements.

Key Points

  • 10 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 7 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages within the framework
  • Includes both regular and SME scrips in the surveillance measures
  • Changes effective from January 30, 2026

Securities Newly Added to ST-ASM (Stage I)

  1. Alphalogic Techsys Ltd (542770)
  2. B2B Software Technologies Ltd (531268)
  3. Colinz Laboratories Ltd (531210)
  4. Franklin Leasing and Finance Ltd (539839) - SME
  5. Grameva Ltd (539120)
  6. Hit Kit Global Solutions Ltd (532359)
  7. Indo Euro Indchem Ltd (524458)
  8. Kitex Garments Ltd (521248)
  9. Meera Industries Ltd (540519)
  10. Rajkot Investment Trust Ltd (539495)

Securities Moving Out of ST-ASM

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

Regulatory Framework

The ST-ASM framework is a surveillance measure applied to securities showing unusual price movements or volatility. Securities may exit ST-ASM due to:

  • Inclusion in LT-ASM (Long Term ASM) Framework
  • Inclusion in Trade for Trade Framework
  • Inclusion in GSM (Graded Surveillance Measure) Framework
  • Inclusion in Pledge Framework
  • Inclusion in ESM (Enhanced Surveillance Measure) Framework

Compliance Requirements

  • Trading members must note the changes in surveillance categories
  • Enhanced margin requirements and trading restrictions apply to ST-ASM securities
  • Securities in ST-ASM may have reduced liquidity and higher transaction costs
  • Investors should exercise caution when trading these securities

Important Dates

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

Impact Assessment

Market Impact: Medium - The surveillance measures affect 17 securities with potential impact on trading volumes and liquidity. Investors in these stocks will face enhanced surveillance conditions.

Trading Impact: Securities under ST-ASM face restrictions including higher margins, reduced position limits, and potential price bands, which may reduce speculative activity and volatility in these stocks.

Investor Impact: Traders and investors holding or planning to trade these securities must be aware of the enhanced surveillance measures and associated trading restrictions that become effective January 30, 2026.

Impact Justification

Affects trading conditions for 17 securities through ST-ASM framework changes, impacting liquidity and trading patterns for these stocks with surveillance measures