Description
BSE announces 6 securities newly shortlisted under the Short Term 5/15/30 Days ASM Framework and 10 securities moving out, effective February 26, 2026.
Summary
BSE has issued its Short Term Additional Surveillance Measure (ST-ASM) update effective February 26, 2026. Six securities have been newly shortlisted under the Short Term 5/15/30 Days ASM Framework, one security has been moved to a lower ASM stage, and ten securities have been removed from the framework entirely.
Key Points
- 6 new securities added to ST-ASM Framework (Short Term 5/15/30 Days) w.e.f. February 26, 2026
- Nil securities moved to a higher ASM stage
- 1 security (Aritas Vinyl Ltd) moved to a lower ASM stage
- 10 securities exiting the ST-ASM Framework w.e.f. February 26, 2026
- SME scrips are marked with
@; NSE-driven inclusions are marked with*
Regulatory Changes
Newly Added to ST-ASM (Annexure I – Part A):
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 531360 | INE427D01011 | Golechha Global Finance Ltd |
| 2 | 539222 | INE451S01027 | Growington Ventures India Ltd |
| 3 | 544263 | INE0Q3J01015 | KRN Heat Exchanger And Refrigeration Ltd* |
| 4 | 537707 | INE546I01025 | Laddu Gopal Online Services Ltd |
| 5 | 531652 | INE528C01018 | UVS Hospitality And Services Ltd |
| 6 | 540729 | INE695X01011 | Vanta Bioscience Ltd@ |
Moved to Lower ASM Stage:
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 544683 | INE1D8001016 | Aritas Vinyl Ltd |
Removed from ST-ASM (Annexure II – Part A):
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 541302 | INE506Z01015 | Dhruv Consultancy Services Ltd |
| 2 | 532178 | INE510A01028 | Engineers India Ltd |
| 3 | 531129 | INE635D01027 | Inani Marbles & Industries Ltd |
| 4 | 538401 | INE318N01011 | Maestros Electronics & Telecommunications Systems Ltd |
| 5 | 544437 | INE0TBQ01014 | Marc Loire Fashions Ltd@ |
| 6 | 535657 | INE860E01011 | ObjectOne Information Systems Ltd |
| 7 | 519479 | INE112B01013 | Omega Ag-Seeds Punjab Ltd |
| 8 | 520073 | INE704B01017 | RACL Geartech Ltd |
| 9 | 543341 | INE647W01014 | Sharpline Broadcast Ltd |
| 10 | 530675 | INE057Q01018 | York Exports Ltd |
Compliance Requirements
- Trading members and market participants must apply revised ST-ASM conditions (enhanced margins, tightened price bands) for newly added securities from February 26, 2026
- Securities exiting ST-ASM revert to normal trading conditions unless subject to another surveillance framework (LT-ASM, GSM, ESM, Trade-for-Trade, or Pledge Framework)
- KRN Heat Exchanger (544263) is included as per NSE shortlisting criteria
- Vanta Bioscience (540729) and Marc Loire Fashions (544437) are SME scrips subject to SME-specific ST-ASM rules
Important Dates
- Circular Date: February 25, 2026
- Effective Date: February 26, 2026 — all additions, stage changes, and removals take effect
Impact Assessment
The newly added securities will face enhanced surveillance conditions including tighter price bands and higher margin requirements, which typically reduces liquidity and increases trading costs for investors. Engineers India Ltd (532178) and RACL Geartech Ltd (520073) — relatively higher-profile names — exiting ST-ASM may see improved trading sentiment. The consolidated list (Annexure III) reflects the full universe of securities currently under ST-ASM, providing market participants a complete reference for compliance and risk management purposes.
Impact Justification
ST-ASM placement directly restricts trading conditions (price bands, margin requirements) for affected securities, impacting investors and traders holding or planning positions in these stocks.