Description

BSE announces revisions to securities under Short Term Additional Surveillance Measure framework, with 10 securities added, 1 moved to lower stage, and 7 removed effective February 10, 2026.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective February 10, 2026. Ten securities are newly shortlisted under ST-ASM Stage I, one security (Vivimed Labs Ltd) continues in the framework but moves to a lower stage, and seven securities are moving out of the ST-ASM framework. The changes include both mainboard and SME scrips.

Key Points

  • 10 securities newly shortlisted in Short Term 5/15/30 Days ASM Framework Stage I
  • 5 of the newly added securities are SME scrips (marked with @)
  • Vivimed Labs Ltd continues in ST-ASM but moves to lower stage
  • 7 securities moving out of ST-ASM framework
  • 1 security moving to LT-ASM Framework (Stratmont Industries Ltd)
  • 1 security moving to ESM Framework (Hit Kit Global Solutions Ltd)
  • 1 SME scrip moving out (Ravelcare Ltd)
  • No securities moving to higher stages within ST-ASM

Regulatory Changes

The ST-ASM framework applies enhanced surveillance with staged restrictions based on price movements and volatility. Securities in this framework are subject to:

  • Price bands and additional margins
  • Staged surveillance based on continued unusual activity
  • Potential progression to higher stages (Stage II, III) or other frameworks (LT-ASM, GSM, ESM)

Securities Added to ST-ASM (Stage I)

  1. Aritas Vinyl Ltd (544683) - SME
  2. GCM Commodity & Derivatives Ltd (535917) - SME
  3. INDO SMC Ltd (544681) - SME
  4. IZMO Ltd (532341)
  5. Padmanabh Industries Ltd (526905)
  6. Prithvi Exchange (India) Ltd (531688)
  7. Quality RO Industries Ltd (543460) - SME
  8. Sharp Investments Ltd (538212)
  9. Sudarshan Pharma Industries Ltd (543828) - SME
  10. Valiant Communications Ltd (526775)

Securities Moving Out of ST-ASM

  1. Davangere Sugar Company Ltd (543267)
  2. Deep Diamond India Ltd (539559)
  3. Integra Essentia Ltd (535958)
  4. Manorama Industries Ltd (541974)
  5. Ravelcare Ltd (544629) - SME, exiting framework
  6. Stratmont Industries Ltd (530495) - Moving to LT-ASM Framework
  7. Hit Kit Global Solutions Ltd (532359) - Moving to ESM Framework

Compliance Requirements

  • Market participants must adhere to enhanced surveillance conditions for securities in ST-ASM
  • Trading in these securities subject to additional price bands and margin requirements
  • Brokers and investors must monitor stage progression and potential migration to stricter frameworks

Important Dates

  • Effective Date: February 10, 2026

Impact Assessment

Market Impact: Medium - affects 18 securities with changes in trading conditions. New additions face enhanced surveillance which may reduce speculative activity and liquidity.

Investor Impact: Investors holding or trading these securities will experience stricter trading conditions, higher margins, and potential liquidity constraints.

Operational Impact: Two securities transitioning to other frameworks (LT-ASM and ESM) indicate persistent concerns requiring more stringent measures. Five securities exiting indicates improvement in trading patterns.

Impact Justification

Routine surveillance measure affecting 18 securities with trading restrictions; impacts liquidity and trading patterns for listed companies under ASM framework