Description
BSE announces addition of 6 securities to the Short Term 5/15/30 Days ASM Framework and removal of 10 securities, effective February 26, 2026.
Summary
BSE has issued an update to the Short Term Additional Surveillance Measure (ST-ASM) framework, effective February 26, 2026. Six new securities have been added to the ST-ASM 5/15/30 Days framework, one security has been moved to a lower stage, and ten securities have been removed from the framework entirely. No securities were moved to a higher stage in this update.
Key Points
- 6 securities newly shortlisted in ST-ASM Framework (Stage I) effective February 26, 2026
- 0 securities moved to a higher ASM stage
- 1 security (Aritas Vinyl Ltd, 544683) moved to a lower ASM stage
- 10 securities removed from the ST-ASM Framework effective February 26, 2026
- KRN Heat Exchanger And Refrigeration Ltd (544263) shortlisted as per NSE
- Vanta Bioscience Ltd (540729) and Marc Loire Fashions Ltd (544437) are SME scrips
Regulatory Changes
The ST-ASM framework applies enhanced surveillance in the form of 5/15/30-day trading restrictions on shortlisted securities. Securities are staged (Stage I and above) based on continued surveillance criteria. Additions, stage changes, and removals are periodically reviewed and published by BSE.
Compliance Requirements
- Trading members must note the revised ST-ASM list effective February 26, 2026
- Applicable margin and trading restrictions as per the ST-ASM framework stage apply to newly added securities
- Securities moving out of ST-ASM revert to standard trading conditions unless covered by another surveillance framework (LT-ASM, GSM, ESM, Trade for Trade, or Pledge Framework)
Important Dates
- Circular Date: February 25, 2026
- Effective Date: February 26, 2026
Impact Assessment
Securities Added to ST-ASM (effective Feb 26, 2026):
| Scrip Code | ISIN | Scrip Name |
|---|---|---|
| 531360 | INE427D01011 | Golechha Global Finance Ltd |
| 539222 | INE451S01027 | Growington Ventures India Ltd |
| 544263 | INE0Q3J01015 | KRN Heat Exchanger And Refrigeration Ltd |
| 537707 | INE546I01025 | Laddu Gopal Online Services Ltd |
| 531652 | INE528C01018 | UVS Hospitality And Services Ltd |
| 540729 | INE695X01011 | Vanta Bioscience Ltd (SME) |
Securities Moved to Lower Stage:
| Scrip Code | ISIN | Scrip Name |
|---|---|---|
| 544683 | INE1D8001016 | Aritas Vinyl Ltd (SME) |
Securities Removed from ST-ASM (effective Feb 26, 2026):
| Scrip Code | ISIN | Scrip Name |
|---|---|---|
| 541302 | INE506Z01015 | Dhruv Consultancy Services Ltd |
| 532178 | INE510A01028 | Engineers India Ltd |
| 531129 | INE635D01027 | Inani Marbles & Industries Ltd |
| 538401 | INE318N01011 | Maestros Electronics & Telecommunications Systems Ltd |
| 544437 | INE0TBQ01014 | Marc Loire Fashions Ltd (SME) |
| 535657 | INE860E01011 | ObjectOne Information Systems Ltd |
| 519479 | INE112B01013 | Omega Ag-Seeds Punjab Ltd |
| 520073 | INE704B01017 | RACL Geartech Ltd |
| 543341 | INE647W01014 | Sharpline Broadcast Ltd |
| 530675 | INE057Q01018 | York Exports Ltd |
Investors and traders in newly added securities will face enhanced surveillance margins and trading restrictions. Securities exiting the framework (unless moved to LT-ASM, GSM, ESM, or other frameworks) will return to normal trading conditions, potentially easing liquidity.
Impact Justification
Routine ST-ASM surveillance update affecting 16 securities with trading restrictions; significant for directly impacted stocks but a standard periodic review process.