Description
BSE announces addition of 11 securities to the Long Term ASM framework, movement of 1 security to a higher ASM stage, and removal of 1 security, all effective March 05, 2026.
Summary
BSE has issued an update to the Long Term Additional Surveillance Measure (LT-ASM) framework effective March 05, 2026. Eleven new securities have been shortlisted for inclusion in the LT-ASM framework (Part A), one security (Elango Industries Ltd) has been moved to a higher ASM Stage II (Part B), no securities are being moved to a lower stage (Part C), no securities are being added directly to Stage IV (Part D), and one security (Capital Trust Ltd) is being removed from the LT-ASM framework due to inclusion in the ESM framework (Annexure II).
Key Points
- 11 new securities added to Long Term ASM framework w.e.f. March 05, 2026
- 1 security (Elango Industries Ltd, Scrip Code 513452) moved to higher ASM Stage II
- No securities moved to lower ASM stages
- No securities added directly to Stage IV LT-ASM
- 1 security (Capital Trust Ltd, Scrip Code 511505) removed from LT-ASM due to inclusion in ESM framework
- Consolidated LT-ASM list contains a large number of securities across multiple ASM stages
Regulatory Changes
The LT-ASM framework is being updated as part of BSE’s ongoing surveillance mechanism to monitor securities exhibiting abnormal price/volume behavior over a longer time horizon. Securities placed under LT-ASM are subject to enhanced scrutiny, including restrictions on price movement and mandatory trade-for-trade settlement in certain stages.
Compliance Requirements
- Brokers and trading members must update their systems to reflect the revised LT-ASM list effective March 05, 2026
- Investors holding securities newly added to LT-ASM should be aware of applicable trading restrictions and margin requirements
- Companies placed under LT-ASM should note that their securities will be subject to enhanced surveillance conditions
Important Dates
- Effective Date: March 05, 2026 — all changes (additions, stage movements, and removals) take effect
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 |
Moved to Higher Stage (Part B):
| Scrip Code | ISIN | Scrip Name | Moved to Stage |
|---|---|---|---|
| 513452 | INE594D01018 | Elango Industries Ltd | II |
Removed from LT-ASM (Annexure II):
| Scrip Code | ISIN | Scrip Name | Reason |
|---|---|---|---|
| 511505 | INE707C01018 | Capital Trust Ltd | Included in ESM Framework |
Securities under LT-ASM face increased margin requirements, restricted price bands, and heightened investor scrutiny, which may reduce liquidity and increase volatility for the affected stocks.
Impact Justification
This circular directly restricts trading conditions for multiple securities by placing them under LT-ASM, which imposes stricter surveillance and can limit price movement. Affects 11 newly added securities, 1 elevated to a higher stage, and 1 removed — materially impacting investors holding these stocks.