Description
BSE announces securities being added to, moved within, and removed from the Short Term 5/15/30 Days ASM Framework effective March 06, 2026. Eight securities are newly shortlisted while nine are moving out.
Summary
BSE has issued a circular detailing changes to the Short Term (ST) Additional Surveillance Measure (ASM) framework effective March 06, 2026. Eight securities have been newly shortlisted under the ST 5/15/30 Days ASM framework (Stage I), nine securities are moving out of the framework, and no securities are being moved to higher or lower stages within the framework.
Key Points
- 8 securities newly added to Short Term 5/15/30 Days ASM Framework (Stage I) w.e.f. March 06, 2026
- No securities moved to higher or lower stages within the ST-ASM framework
- 9 securities removed from the ST-ASM Framework w.e.f. March 06, 2026
- Securities marked with
*are also listed on NSE - Securities marked with
$are moving out due to inclusion in ESM Framework - Securities marked with
@are SME scrips
Regulatory Changes
Newly Added to ST-ASM Framework (Stage I) — Effective March 06, 2026
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 531533 | INE578B01015 | Accedere Ltd |
| 2 | 540649 | INE349W01017 | Avadh Sugar & Energy Ltd* |
| 3 | 531099 | INE396H01019 | Checkpoint Trends Ltd |
| 4 | 539552 | INE108T01013 | F Mec International Financial Services Ltd |
| 5 | 533482 | INE524L01026 | Kridhan Infra Ltd* |
| 6 | 531288 | INE531D01010 | Lead Financial Services Ltd |
| 7 | 540914 | INE425C01017 | SRU Steels Ltd |
| 8 | 540595 | INE010J01012 | Tejas Networks Ltd* |
Stage Movement Within ST-ASM Framework
- Higher Stage: NIL
- Lower Stage: NIL
Securities Removed from ST-ASM Framework — Effective March 06, 2026
| Sr No | Scrip Code | ISIN | Scrip Name | Reason |
|---|---|---|---|---|
| 1 | 524516 | INE711D01018 | Bacil Pharma Ltd | — |
| 2 | 511664 | INE443D01018 | BGIL Films & Technologies Ltd | — |
| 3 | 544198 | INE841L01016 | Dee Development Engineers Ltd | — |
| 4 | 531360 | INE427D01011 | Golechha Global Finance Ltd* | Moved to LT-ASM |
| 5 | 544542 | INE0W5Q01017 | Justo Realfintech Ltd | — |
| 6 | 521248 | INE602G01020 | Kitex Garments Ltd | — |
| 7 | 537707 | INE546I01025 | Laddu Gopal Online Services Ltd$ | Moved to ESM |
| 8 | 539927 | INE920T01011 | Likhami Consulting Ltd | — |
| 9 | 540729 | INE695X01011 | Vanta Bioscience Ltd* | Moved to LT-ASM |
Compliance Requirements
- Brokers and trading members must apply applicable ST-ASM margin and trading restrictions for the newly added securities from March 06, 2026
- Trading members must note the removal of nine securities from ST-ASM and apply normal trading parameters for those securities from March 06, 2026 (unless covered by another surveillance framework)
- Securities moved out due to ESM or LT-ASM inclusion remain under those respective frameworks
Important Dates
- Effective Date: March 06, 2026 — All additions and removals from the ST-ASM framework take effect
Impact Assessment
The addition of eight securities to ST-ASM Stage I will subject them to enhanced surveillance measures including additional margin requirements and potential price band restrictions, increasing the cost of trading and reducing liquidity for these scrips. Notably, Tejas Networks Ltd (540595), a relatively prominent listed company, is among the newly added securities. Three securities (Golechha Global Finance, Vanta Bioscience, Laddu Gopal Online Services) exiting ST-ASM are moving into stricter frameworks (LT-ASM or ESM), indicating continued regulatory concern. Nine securities exiting ST-ASM without escalation may see improved trading conditions and liquidity.
Impact Justification
ST-ASM framework changes directly affect trading conditions (margins, price bands) for multiple securities, impacting traders and investors holding or planning to trade these stocks.