Description
BSE announces 11 securities shortlisted under Long Term ASM Framework effective March 04, 2026, and 1 security moving out of the framework. Parts B, C, and D have nil entries.
Summary
BSE has issued a circular on the applicability of the Long Term Additional Surveillance Measure (LT-ASM) Framework, effective March 04, 2026. Eleven securities have been newly shortlisted under Stage I of the LT-ASM Framework (Part A), while one security — Jai Mata Glass Ltd — is being removed from the framework (Annexure II). No securities are moving to higher or lower ASM stages (Parts B and C are nil), and no securities are being placed under Direct Stage IV (Part D is nil).
Key Points
- 11 securities newly added to LT-ASM Framework under Stage I effective March 04, 2026
- 1 security (Jai Mata Glass Ltd, Scrip Code 523467) moving out of LT-ASM Framework effective March 04, 2026
- No securities moving to higher ASM stages (Part B: Nil)
- No securities moving to lower ASM stages (Part C: Nil)
- No securities placed under Direct Stage IV (Part D: Nil)
- Mahamaya Steel Industries Ltd (513554) entry is as per NSE data (marked with *)
Regulatory Changes
The following securities are newly shortlisted under LT-ASM Stage I w.e.f. March 04, 2026:
| Sr. No. | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 517356 | INE167B01025 | ACI Infocom Ltd |
| 2 | 513513 | INE570B01012 | Aditya Ispat Ltd |
| 3 | 539773 | INE178T01024 | Advik Capital Ltd |
| 4 | 538596 | INE222B01028 | Cemantic Infra-Tech Ltd |
| 5 | 543934 | INE01BT01015 | Machhar Industries Ltd |
| 6 | 539200 | INE203Q01026 | Noble Polymers Ltd |
| 7 | 519238 | INE233P01017 | Saptarishi Agro Industries Ltd |
| 8 | 505075 | INE878E01021 | Setco Automotive Ltd |
| 9 | 524642 | INE528E01022 | Sikozy Realtors Ltd |
| 10 | 532869 | INE924H01018 | Tarmat Ltd |
| 11 | 513554 | INE451L01014 | Mahamaya Steel Industries Ltd* |
The following security is moving out of LT-ASM Framework w.e.f. March 04, 2026:
| Sr. No. | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 523467 | INE250C01027 | Jai Mata Glass Ltd |
Compliance Requirements
- Trading members must apply LT-ASM Stage I trading restrictions (enhanced margin requirements) for all 11 newly listed securities from March 04, 2026
- Normal trading conditions restored for Jai Mata Glass Ltd (subject to no other surveillance framework applicability) from March 04, 2026
- Members must update their risk management systems to reflect these changes before market open on March 04, 2026
- Securities marked (*) — Mahamaya Steel Industries Ltd — shortlisted as per NSE data
- Securities marked (^) — applicable as per Non-Promoter Holding criteria
Important Dates
- Circular Date: March 02, 2026
- Effective Date: March 04, 2026 (all additions and removals)
Impact Assessment
The addition of 11 securities to LT-ASM Stage I imposes enhanced surveillance conditions including higher margin requirements and trade-to-trade settlement obligations, restricting speculative activity and liquidity in these scrips. Retail and institutional investors holding or trading these securities will face increased compliance costs and reduced liquidity. The removal of Jai Mata Glass Ltd from the framework eases trading restrictions for that scrip. The nil entries in Parts B, C, and D indicate no stage migrations this cycle, limiting complexity for market participants. The consolidated list (Annexure III) reflects a broad LT-ASM universe spanning multiple stages.
Impact Justification
Directly restricts trading in 11 newly added securities under LT-ASM Stage I with margin and trading limitations effective March 04, 2026; also removes 1 security from the framework.