Description

BSE announces securities moving into and out of Long Term Additional Surveillance Measure (LT-ASM) framework effective February 6, 2026, including 7 new securities entering LT-ASM Stage I.

Summary

BSE has announced changes to the Long Term Additional Surveillance Measure (LT-ASM) framework effective February 6, 2026. Seven securities have been newly shortlisted for inclusion in LT-ASM Stage I, while two securities are moving out of the framework due to their inclusion in the Enhanced Surveillance Measure (ESM) Framework. No securities are moving to higher or lower ASM stages, and no securities are being placed directly in Stage IV.

Key Points

  • 7 securities newly entering Long Term ASM Framework in Stage I
  • 2 securities (J.A. Finance Ltd and Sancode Technologies Ltd) exiting LT-ASM due to ESM Framework inclusion
  • No securities moving to higher or lower stages within LT-ASM
  • No securities placed directly in Stage IV LT-ASM
  • Changes effective from February 6, 2026
  • Consolidated list includes securities across ASM Stages I and IV

Securities Entering LT-ASM Stage I (Part A)

  1. Amerise Biosciences Ltd (Scrip Code: 531681, ISIN: INE673C01020)
  2. Chandra Prabhu International Ltd (Scrip Code: 530309, ISIN: INE368D01025)
  3. Franklin Leasing and Finance Ltd (Scrip Code: 539839, ISIN: INE399S01010)
  4. Genus Prime Infra Ltd (Scrip Code: 532425, ISIN: INE256D01014)
  5. Shanti Guru Industries Ltd (Scrip Code: 534708, ISIN: INE892L01019)
  6. Sunrise Efficient Marketing Ltd (Scrip Code: 543515, ISIN: INE0KPY01017)
  7. Symbiox Investment & Trading Company Ltd (Scrip Code: 539278, ISIN: INE653R01012)

Securities Exiting LT-ASM (Annexure II)

  1. J.A. Finance Ltd (Scrip Code: 543860, ISIN: INE825B01010) - Moving to ESM Framework
  2. Sancode Technologies Ltd (Scrip Code: 543897, ISIN: INE0P7001013) - Moving to ESM Framework

Regulatory Changes

The Long Term ASM Framework is designed to alert investors about securities with abnormal price rise or high low deliverable position. Securities under LT-ASM are subject to:

  • Enhanced surveillance monitoring
  • Potential trading restrictions
  • Additional margin requirements
  • Price bands or other trading controls as applicable

Securities may be moved out of LT-ASM if they are included in other surveillance frameworks such as Trade for Trade, GSM (Graded Surveillance Measure), ESM (Enhanced Surveillance Measure), or IBC (Insolvency and Bankruptcy Code) Framework.

Compliance Requirements

  • Investors: Exercise caution when trading in securities under LT-ASM framework
  • Trading Members: Ensure awareness of surveillance measures applicable to these securities
  • Market Participants: Monitor for any additional margin requirements or trading restrictions
  • Clients: Be aware that these securities are under enhanced surveillance due to market behavior patterns

Important Dates

  • Effective Date: February 6, 2026 - All changes to LT-ASM framework become applicable
  • Circular Date: February 5, 2026

Impact Assessment

Market Impact: Medium - The inclusion of 7 securities in LT-ASM Stage I indicates BSE’s proactive surveillance approach to protect investor interests. These securities will face enhanced monitoring and potential trading restrictions.

Investor Impact: Investors holding or trading these securities should be aware of increased scrutiny and potential liquidity constraints. The LT-ASM framework serves as a warning mechanism for unusual market activity.

Operational Impact: Trading members and market participants need to update their systems and processes to reflect the surveillance status of affected securities. Additional margin requirements may apply, affecting capital allocation for trades in these securities.

Impact Justification

Affects trading conditions for 7 securities entering LT-ASM and 2 securities exiting the framework. LT-ASM involves enhanced surveillance and trading restrictions for securities with unusual price movements or volatility patterns.