Description

BSE announces revised list of securities under Short Term ASM framework effective February 01, 2026, including new additions, exits, and stage movements.

Summary

BSE has updated the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective February 01, 2026. Ten securities have been newly shortlisted under the 5/15/30 Days ASM framework, while nine securities are being removed from the framework. No securities are moving to higher or lower ASM stages during this cycle.

Key Points

  • 10 securities newly added to 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
  • Framework includes securities from both main board and SME segment
  • Some securities marked with special designations for NSE alignment and SME status

Securities Entering ST-ASM (Effective Feb 01, 2026)

  1. Delta Industrial Resources Ltd (539596, INE681Q01015)
  2. D & H India Ltd (517514, INE589D01018)
  3. Gokak Textiles Ltd (532957, INE642I01014)
  4. Intec Capital Ltd (526871, INE017E01018)
  5. Panorama Studios International Ltd (539469, INE258R01028)
  6. SPEL Semiconductor Ltd (517166, INE252A01019)
  7. Caspian Corporate Services Ltd (534732, INE176N01039)
  8. Bajaj Consumer Care Ltd* (533229, INE933K01021)
  9. Hybrid Financial Services Ltd* (500262, INE965B01022)
  10. Omax Autos Ltd* (520021, INE090B01011)

*As per NSE alignment

Securities Exiting ST-ASM (Effective Feb 01, 2026)

  1. Aarti Surfactants Ltd (543210, INE09EO01013)
  2. Saffron Industries Ltd (531436, INE474D01013)
  3. Southern Magnesium & Chemicals Ltd (513498, INE308N01012)
  4. Prime Industries Ltd (519299, INE543F01028)
  5. Shree Pacetronix Ltd (527005, INE847D01010)
  6. Symbiox Investment & Trading Company Ltd (539278, INE653R01012)
  7. Colinz Laboratories Ltd (531210, INE923C01011)
  8. Spinaroo Commercial Ltd (544392, INE10XX01012)
  9. Jhandewalas Foods Ltd@ (540850, INE841Y01019) - SME Scrip

Regulatory Changes

The Short Term ASM framework is a surveillance mechanism to monitor securities showing abnormal price movements. Securities may exit ST-ASM due to:

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

Compliance Requirements

  • Market participants must note the revised list for trading purposes
  • Securities under ST-ASM are subject to additional trading restrictions and surveillance
  • Investors should be aware of enhanced monitoring on these securities
  • Brokers must ensure compliance with ASM framework requirements

Important Dates

  • Effective Date: February 01, 2026
  • All changes to ST-ASM framework become applicable from market opening on this date

Impact Assessment

The ST-ASM framework is designed to alert investors about securities with unusual price movements and protect market integrity. Securities entering the framework face enhanced surveillance and may experience:

  • Increased scrutiny of trading activity
  • Potential trading restrictions based on ASM stage
  • Greater disclosure requirements
  • Investor awareness about volatility risks

The exit of 9 securities indicates normalization of trading patterns, while entry of 10 new securities suggests emerging concerns requiring monitoring. The framework includes provisions for SME scrips and alignment with NSE surveillance measures.

Impact Justification

Routine surveillance measure affecting 10 securities entering and 9 securities exiting ST-ASM framework. Impacts trading conditions for listed companies under enhanced monitoring.