Description
BSE announces changes to the Short Term Additional Surveillance Measure framework, with 10 securities being added and 9 securities moving out, effective February 01, 2026.
Summary
BSE has announced revisions to the Short Term Additional Surveillance Measure (ST-ASM) framework effective February 01, 2026. Ten securities will be newly shortlisted under the ST-ASM framework, while nine securities will move out of the framework. The circular provides consolidated lists of all securities under various ST-ASM stages and specifies the surveillance parameters applicable to these securities.
Key Points
- 10 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
- 9 securities moving out of ST-ASM Framework
- No securities moving to higher or lower ASM stages
- Changes effective from February 01, 2026
- Includes securities from both main board and SME segment
- Some securities marked as per NSE coordination
Securities Added to ST-ASM (Effective Feb 01, 2026)
- Delta Industrial Resources Ltd (539596)
- D & H India Ltd (517514)
- Gokak Textiles Ltd (532957)
- Intec Capital Ltd (526871)
- Panorama Studios International Ltd (539469)
- SPEL Semiconductor Ltd (517166)
- Caspian Corporate Services Ltd (534732)
- Bajaj Consumer Care Ltd* (533229)
- Hybrid Financial Services Ltd* (500262)
- Omax Autos Ltd* (520021)
*As per NSE
Securities Exiting ST-ASM (Effective Feb 01, 2026)
- Aarti Surfactants Ltd (543210)
- Saffron Industries Ltd (531436)
- Southern Magnesium & Chemicals Ltd (513498)
- Prime Industries Ltd (519299)
- Shree Pacetronix Ltd (527005)
- Symbiox Investment & Trading Company Ltd (539278)
- Colinz Laboratories Ltd (531210)
- Spinaroo Commercial Ltd (544392)
- Jhandewalas Foods Ltd@ (540850) - SME scrip
Regulatory Changes
The ST-ASM framework continues BSE’s surveillance mechanism for securities exhibiting abnormal price movements or excessive volatility. Securities under this framework are subject to:
- Enhanced surveillance monitoring
- Potential trading restrictions at various ASM stages
- Additional margin requirements
- Price band limitations
The framework operates on 5/15/30 day monitoring periods with progressive stages (Stage I, Stage II, etc.) based on continued surveillance triggers.
Compliance Requirements
- Trading members must ensure awareness of securities under ST-ASM framework
- Enhanced due diligence required for client orders in ST-ASM securities
- Margin requirements as specified by the exchange must be collected
- Surveillance parameters and trading restrictions must be adhered to
- Risk management systems should be updated to reflect ST-ASM securities list
Important Dates
- Effective Date: February 01, 2026 - All changes to ST-ASM framework become applicable
- Circular Date: January 30, 2026
Impact Assessment
Market Impact: Medium - The addition of 10 securities to ST-ASM framework will result in enhanced surveillance and potentially stricter trading parameters for these stocks. Investors in these securities may experience reduced liquidity and higher margin requirements.
Trading Impact: Securities entering ST-ASM framework typically face increased scrutiny, higher margins, and potential price volatility restrictions. This may dampen speculative activity and reduce trading volumes.
Investor Impact: Existing investors in the 10 newly added securities should be aware of potential liquidity constraints and increased compliance requirements. The 9 securities exiting the framework will have relaxed surveillance measures, potentially improving liquidity.
Operational Impact: Brokers and trading members must update their risk management systems, surveillance tools, and client communication regarding the revised ST-ASM list to ensure compliance with exchange requirements.
Impact Justification
Routine surveillance measure affecting 19 securities with specific trading restrictions; impacts liquidity and trading behavior for listed companies under ST-ASM framework