Description
BSE announces the inclusion of 13 securities in the Long Term ASM Framework effective February 24, 2026. No securities are moving between stages or exiting the framework in this update.
Summary
BSE has issued a notice on the applicability of the Long Term Additional Surveillance Measure (LT-ASM) framework effective February 24, 2026. A total of 13 securities have been newly shortlisted under the LT-ASM framework (Part A). No securities are being moved to a higher or lower ASM stage, no securities are being placed directly in Stage IV, and no securities are exiting the LT-ASM framework in this update.
Key Points
- 13 securities newly added to Long Term ASM Framework effective February 24, 2026
- No securities moved to higher ASM stages (Part B: Nil)
- No securities moved to lower ASM stages (Part C: Nil)
- No securities placed directly in Stage IV LT-ASM (Part D: Nil)
- No securities exiting LT-ASM Framework (Annexure II: Nil)
- Consolidated list in Annexure III includes securities at Stage I and Stage II levels
Regulatory Changes
The following 13 securities have been newly shortlisted under the Long Term ASM Framework at Stage I effective February 24, 2026:
| Sr. No. | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 524412 | INE198H01019 | Aarey Drugs & Pharmaceuticals Ltd |
| 2 | 506979 | INE046E01025 | Apt Packaging Ltd |
| 3 | 511246 | INE910D01024 | Bombay Talkies Ltd |
| 4 | 531190 | INE355H01015 | Eforu Entertainment Ltd |
| 5 | 544156 | INE0QHY01011 | Gconnect Logitech and Supply Chain Ltd |
| 6 | 531328 | INE128R01023 | Kretto Syscon Ltd |
| 7 | 511535 | INE026C01013 | NDA Securities Ltd |
| 8 | 540728 | INE327G01032 | Sayaji Industries Ltd |
| 9 | 511571 | INE754C01010 | Som Datt Finance Corporation Ltd |
| 10 | 509015 | INE190F01028 | Thakral Services India Ltd |
| 11 | 505978 | INE440G01017 | Triton Valves Ltd |
| 12 | 543861 | INE0N0Y01013 | Udayshivakumar Infra Ltd |
| 13 | 523519 | INE951C01012 | Universal Office Automation Ltd |
Compliance Requirements
- Brokers and trading members must apply enhanced margin requirements for trades in LT-ASM listed securities
- Investors and traders holding or transacting in the above securities must comply with applicable surveillance framework conditions
- Securities placed under LT-ASM are subject to additional scrutiny; entities dealing in these stocks should review the applicable framework guidelines under BSE notice no. 20210604-41
Important Dates
- Effective Date: February 24, 2026 — All 13 newly shortlisted securities come under LT-ASM framework
- Circular Date: February 23, 2026
Impact Assessment
The placement of 13 securities under the Long Term ASM framework has a high impact on retail and institutional investors holding these stocks. LT-ASM classification typically results in enhanced margin requirements, restricted trading conditions, and increased scrutiny, which can lead to reduced liquidity and potential price impact for the affected securities. Investors in Aarey Drugs & Pharmaceuticals, Apt Packaging, Bombay Talkies, Eforu Entertainment, Gconnect Logitech, Kretto Syscon, NDA Securities, Sayaji Industries, Som Datt Finance Corporation, Thakral Services India, Triton Valves, Udayshivakumar Infra, and Universal Office Automation should review their positions and be aware of the applicable surveillance conditions. The absence of any exits from the LT-ASM framework in this update indicates continued regulatory concern across the broader list of monitored securities.
Impact Justification
13 securities are newly placed under LT-ASM framework imposing trading restrictions including margin requirements and surveillance measures directly affecting investors and traders holding these stocks.