Description
BSE announces 11 securities newly shortlisted under the Long Term ASM Framework effective March 05, 2026, along with one security moving to a higher ASM stage and one security exiting the framework.
Summary
BSE has issued a circular on the applicability of the Long Term Additional Surveillance Measure (LT-ASM) framework effective March 05, 2026. Eleven securities have been newly shortlisted under the framework (Part A), one security has been moved to a higher ASM stage (Part B), none have been moved to a lower stage (Part C), and one security has been removed from the LT-ASM framework (Annexure II).
Key Points
- 11 new securities added to the Long Term ASM Framework effective March 05, 2026
- 1 security (Elango Industries Ltd – 513452) moved to a higher Stage II ASM
- No securities moved to a lower ASM stage (Part C: Nil)
- No securities added directly to Stage IV LT-ASM (Part D: Nil)
- 1 security (Capital Trust Ltd – 511505) moved out of the LT-ASM framework due to inclusion in ESM Framework (marked $)
- A consolidated list of all securities currently under LT-ASM is provided in Annexure III
Regulatory Changes
- The LT-ASM framework is being updated per BSE’s ongoing surveillance mandate.
- Part B update: Elango Industries Ltd (Scrip Code: 513452, ISIN: INE594D01018) moves to Stage II LT-ASM.
- Part D remains nil, meaning no direct Stage IV placements this cycle.
- Existing footnote notations apply: (*) NSE-basis inclusions, (^) Non-Promoter Holding basis, ($) ESM Framework inclusion.
Compliance Requirements
- Trading members and investors must note revised surveillance classifications for affected securities effective March 05, 2026.
- Securities under LT-ASM are subject to additional margin requirements, trade-to-trade settlement, or other restrictions depending on the ASM stage.
- Brokers must ensure client-level compliance with applicable trading conditions for all newly added and stage-changed securities.
Important Dates
- Effective Date: March 05, 2026 – All changes (new additions, stage movements, and exits) come into force.
- Circular Date: March 04, 2026
Impact Assessment
Newly Added Securities (Part A – effective March 05, 2026):
| Sr. No. | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 531568 | INE723K01018 | Ashutosh Paper Mills Ltd |
| 2 | 523105 | INE293E01031 | Cropster Agro Ltd |
| 3 | 540938 | INE578V01013 | Gujarat Hy-Spin Ltd |
| 4 | 532303 | INE934A01012 | Integrated Hitech Ltd |
| 5 | 519606 | INE177M01013 | Integrated Proteins Ltd |
| 6 | 507759 | INE891G01011 | Lime Chemicals Ltd |
| 7 | 532140 | INE154B01023 | Mohite Industries Ltd |
| 8 | 514010 | INE723D01021 | Rudra Ecovation Ltd |
| 9 | 503663 | INE026L01022 | Tilak Ventures Ltd |
| 10 | 531396 | INE905B01010 | Women Networks Ltd |
| 11 | 544563 | INE1B3501014 | Zelio E Mobility Ltd |
Stage Upgrade (Part B):
| Sr. No. | Scrip Code | ISIN | Scrip Name | Moved to ASM Stage |
|---|---|---|---|---|
| 11 | 513452 | INE594D01018 | Elango Industries Ltd | II |
Exiting LT-ASM (Annexure II):
| Sr. No. | Scrip Code | ISIN | Scrip Name | Reason |
|---|---|---|---|---|
| 1 | 511505 | INE707C01018 | Capital Trust Ltd | Moved to ESM Framework |
The inclusion of 11 securities in LT-ASM signals heightened regulatory concern around price behaviour and market integrity for these counters. Investors holding positions in these securities should be aware of increased margin requirements and possible trade-for-trade settlement restrictions. The upgrade of Elango Industries to Stage II implies worsening surveillance parameters for that stock.
Impact Justification
Directly affects trading conditions for 11 newly added securities and modifies surveillance stage for existing ones; LT-ASM inclusion imposes significant trading restrictions impacting investors and market participants.