Description
BSE announces 11 securities newly shortlisted under the Long Term ASM Framework effective March 04, 2026, while 1 security (Jai Mata Glass Ltd) is being removed from the framework.
Summary
BSE has announced the applicability of the Long Term Additional Surveillance Measure (LT-ASM) framework effective March 04, 2026. Eleven securities have been newly shortlisted under the framework (Part A), while one security — Jai Mata Glass Ltd — is being moved out. No securities are being shifted to higher or lower ASM stages in this update.
Key Points
- 11 securities newly added to LT-ASM Framework w.e.f. March 04, 2026
- 1 security (Jai Mata Glass Ltd, scrip code 523467) removed from LT-ASM Framework
- No securities moved to higher ASM stage (Part B: Nil)
- No securities moved to lower ASM stage (Part C: Nil)
- No securities directly shortlisted into Stage IV LT-ASM (Part D: Nil)
- Mahamaya Steel Industries Ltd (513554) added as per NSE data
Regulatory Changes
The LT-ASM framework imposes enhanced surveillance conditions on listed securities that exhibit certain risk indicators over a longer time horizon. Securities placed under LT-ASM are subject to additional margin requirements and trade-to-trade settlement obligations, restricting intraday trading and increasing the cost of taking positions.
Compliance Requirements
- Brokers and members must apply revised margin and settlement rules for the newly added scrips from March 04, 2026
- Clients holding positions in newly added scrips should be informed of the changed trading conditions
- Jai Mata Glass Ltd (523467) reverts to normal trading conditions upon exit from LT-ASM, subject to standard applicable frameworks
Important Dates
- March 02, 2026: Circular issued by BSE
- March 04, 2026: Effective date for all additions, removals, and stage changes under this circular
Impact Assessment
Securities Newly Added to LT-ASM (Part A):
| 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* |
Securities Exiting LT-ASM (Annexure II):
| Sr. No. | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 523467 | INE250C01027 | Jai Mata Glass Ltd |
Inclusion in LT-ASM significantly impacts liquidity and trading activity in affected scrips. Investors face higher margin requirements, and intraday trading is typically disallowed under trade-to-trade settlement. The consolidated list (Annexure III) contains a larger universe of securities already under the LT-ASM framework at various stages (Stage I through Stage IV).
* Mahamaya Steel Industries Ltd added as per NSE data.
Impact Justification
Directly affects trading conditions for 11 newly added securities under LT-ASM framework; investors and traders in these scrips face enhanced surveillance restrictions effective March 04, 2026.