Description

BSE announces changes to Short Term Additional Surveillance Measure framework effective February 03, 2026, including 4 new securities entering ST-ASM and 6 securities exiting the framework.

Summary

BSE has issued updates to the Short Term Additional Surveillance Measure (ST-ASM) framework effective February 03, 2026. Four securities are being newly shortlisted under the ST-ASM 5/15/30 Days framework: Ceeta Industries Ltd, MTAR Technologies Ltd, Standard Batteries Ltd, and Sterlite Technologies Ltd. Six securities are moving out of the framework: Baazar Style Retail Ltd, Sudarshan Colorants India Ltd, Riddhi Display Equipments Limited, RMC Switchgears Ltd, Shekhawati Industries Ltd, and Western Overseas Study Abroad Limited.

Key Points

  • 4 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
  • 6 securities moving out of ST-ASM Framework
  • No securities moving to higher or lower ASM stages within the framework
  • Consolidated list includes 16+ securities currently under ST-ASM surveillance
  • Framework includes different stages (Stage I, Stage II) based on surveillance intensity
  • SME scrips and T+0 scrips are specifically marked in the framework

Regulatory Changes

Securities Entering ST-ASM (Effective February 03, 2026):

  1. Ceeta Industries Ltd (Scrip Code: 514171, ISIN: INE760J01012)
  2. MTAR Technologies Ltd* (Scrip Code: 543270, ISIN: INE864I01014)
  3. Standard Batteries Ltd (Scrip Code: 504180, ISIN: INE502C01039)
  4. Sterlite Technologies Ltd* (Scrip Code: 532374, ISIN: INE089C01029)

*As per NSE coordination

Securities Exiting ST-ASM (Effective February 03, 2026):

  1. Baazar Style Retail Ltd (Scrip Code: 544243, ISIN: INE01FR01028)
  2. Sudarshan Colorants India Ltd (Scrip Code: 506390, ISIN: INE492A01029)
  3. Riddhi Display Equipments Limited@ (Scrip Code: 544640, ISIN: INE1DKT01011)
  4. RMC Switchgears Ltd@ (Scrip Code: 540358, ISIN: INE655V01019)
  5. Shekhawati Industries Ltd (Scrip Code: 533301, ISIN: INE268L01046)
  6. Western Overseas Study Abroad Limited@ (Scrip Code: 544636, ISIN: INE1MF401019)

@SME Scrips

Compliance Requirements

  • Trading members must adhere to enhanced surveillance conditions for securities under ST-ASM framework
  • Securities in ST-ASM are subject to special trading restrictions including potential margin requirements
  • Market participants must monitor staged progression (Stage I, Stage II) for affected securities
  • Securities may move between frameworks (LT-ASM, Trade for Trade, GSM, Pledge, ESM) based on surveillance criteria

Important Dates

  • Effective Date: February 03, 2026 - ST-ASM changes become applicable
  • Circular Date: February 02, 2026

Impact Assessment

Market Impact:

  • Enhanced surveillance measures may result in reduced liquidity and higher trading costs for the 4 securities entering ST-ASM
  • The 6 securities exiting the framework may experience improved liquidity conditions
  • ST-ASM framework applies staged restrictions (5/15/30 days) based on volatility and price movement patterns

Operational Impact:

  • Brokers and trading members need to update risk management systems for affected securities
  • Investors holding these securities should be aware of potential margin requirement changes
  • The consolidated list shows 16+ securities remain under various stages of ST-ASM surveillance, indicating continued regulatory focus on market stability

Trading Implications:

  • Securities under ST-ASM face additional margin requirements and trading restrictions
  • Movement between surveillance stages depends on price behavior and trading patterns
  • Exit from ST-ASM indicates compliance with stability criteria or migration to other surveillance frameworks

Impact Justification

Affects trading conditions for 10 securities with enhanced surveillance measures; includes entry of 4 securities and exit of 6 securities from ST-ASM framework