Description
BSE announces revised list of securities under Short Term Additional Surveillance Measure (ST-ASM) framework effective February 06, 2026, including 25 securities entering the framework and 8 securities exiting.
Summary
BSE has revised the list of securities under the Short Term Additional Surveillance Measure (ST-ASM) framework effective February 06, 2026. A total of 25 securities are being newly shortlisted in the ST-ASM framework with 5/15/30 days monitoring. One security (Hit Kit Global Solutions Ltd) will continue in ST-ASM but move to a higher stage, while 8 securities are exiting the ST-ASM framework. The framework applies enhanced surveillance to securities exhibiting unusual price movements or volatility.
Key Points
- 25 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework
- Effective date: February 06, 2026
- Hit Kit Global Solutions Ltd to move to higher stage ASM while continuing in ST-ASM
- 8 securities moving out of ST-ASM Framework
- List includes both main board and SME scrips (marked with @)
- Some securities marked with asterisk (*) are as per NSE coordination
Securities Entering ST-ASM (25 stocks)
- Adf Foods Ltd (519183)
- Avanti Feeds Ltd (512573)
- Carysil Ltd (524091)
- Cenlub Industries Ltd (522251)
- Faze Three Ltd (530079)
- Garware Hi-Tech Films Ltd (500655)
- Gokaldas Exports Ltd (532630)
- IGC Industries Ltd (539449)
- Indo Count Industries Ltd (521016)
- Narmadesh Brass Industries Limited (544680) - SME
- Nelcast Ltd (532864)
- NGL Fine Chem Ltd (524774)
- Onesource Industries And Ventures Ltd (530805)
- Pearl Global Industries Ltd (532808)
- Ramco Systems Ltd (532370)
- Samtex Fashions Ltd (521206)
- Siyaram Recycling Industries Ltd (544047) - SME
- Softrak Venture Investment Ltd (531529)
- Suven Life Sciences Ltd (530239)
- Svaraj Trading & Agencies Ltd (503624)
- Tijaria Polypipes Ltd (533629)
- Waterbase Ltd (523660)
- Winsome Textile Industries Ltd (514470)
- Zeal Aqua Ltd (539963)
- Zelio E Mobility Ltd (544563) - SME
Securities Exiting ST-ASM (8 stocks)
- Alphalogic Techsys Ltd (542770)
- B2B Software Technologies Ltd (531268)
- Franklin Leasing and Finance Ltd (539839) - SME
- Grameva Ltd (539120)
- Indo Euro Indchem Ltd (524458)
- Kitex Garments Ltd (521248)
- Meera Industries Ltd (540519)
- Rajkot Investment Trust Ltd (539495)
Stage Movement
Moving to Higher Stage: Hit Kit Global Solutions Ltd (532359) will continue in ST-ASM framework but be moved to a higher stage ASM
Moving to Lower Stage: No securities identified for this category
Regulatory Changes
The ST-ASM framework applies enhanced surveillance measures including:
- Reduced price bands
- Additional margin requirements
- Enhanced disclosure requirements
- Continuous monitoring for 5/15/30 day periods
- Potential progression to higher surveillance stages based on continued unusual activity
Compliance Requirements
- Trading members must ensure compliance with enhanced margin requirements for these securities
- Investors should be aware of reduced price bands and increased surveillance
- Brokers must inform clients about securities under ST-ASM framework
- All trades in these securities subject to additional monitoring and reporting
Important Dates
- Effective Date: February 06, 2026
- Securities will be subject to ST-ASM framework from market opening on this date
Impact Assessment
Market Impact: High - affects trading in 25 securities with enhanced restrictions potentially reducing liquidity and increasing trading costs through higher margins.
Investor Impact: Investors holding or trading these securities will face:
- Higher margin requirements
- Restricted price movements
- Reduced liquidity
- Need for enhanced due diligence
Operational Impact: Brokers and trading members must update systems to reflect new surveillance parameters and margin requirements for affected securities.
Risk Management: The ST-ASM framework is designed to protect investors from excessive volatility and potential market manipulation in securities showing unusual price movements.
Impact Justification
Significant surveillance action affecting 25 securities with enhanced monitoring and trading restrictions, impacting investor trading strategies and liquidity in these stocks