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 and nine securities are moving out of the ST-ASM framework.
Summary
BSE has announced changes to the Short Term Additional Surveillance Measure (ST-ASM) framework effective March 06, 2026. Eight securities are newly shortlisted under the Short Term 5/15/30 Days ASM Framework, no securities are being moved to higher or lower stages, and nine securities are being removed from the ST-ASM framework (some due to migration to other surveillance frameworks such as LT-ASM and ESM).
Key Points
- 8 securities newly added to ST-ASM Framework (Stage I) effective March 06, 2026
- No securities moved to higher or lower ASM stages in this update
- 9 securities removed from ST-ASM Framework effective March 06, 2026
- Some securities marked with
*are listed on NSE as well - Securities marked
$are moving out due to inclusion in ESM Framework - Securities marked
*in the exit list are moving out due to inclusion in LT-ASM Framework
Newly Added Securities (Effective March 06, 2026)
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 531533 | INE578B01015 | Accedere Ltd |
| 2 | 540649 | INE349W01017 | Avadh Sugar & Energy Ltd* |
| 3 | 531099 | INE396H01019 | Checkpoint Trends Ltd |
| 4 | 539552 | INE108T01013 | F Mec International Financial Services Ltd |
| 5 | 533482 | INE524L01026 | Kridhan Infra Ltd* |
| 6 | 531288 | INE531D01010 | Lead Financial Services Ltd |
| 7 | 540914 | INE425C01017 | SRU Steels Ltd |
| 8 | 540595 | INE010J01012 | Tejas Networks Ltd* |
*As per NSE
Securities Exiting ST-ASM Framework (Effective March 06, 2026)
| Sr No | Scrip Code | ISIN | Scrip Name | Reason |
|---|---|---|---|---|
| 1 | 524516 | INE711D01018 | Bacil Pharma Ltd | - |
| 2 | 511664 | INE443D01018 | BGIL Films & Technologies Ltd | - |
| 3 | 544198 | INE841L01016 | Dee Development Engineers Ltd | - |
| 4 | 531360 | INE427D01011 | Golechha Global Finance Ltd* | Moved to LT-ASM |
| 5 | 544542 | INE0W5Q01017 | Justo Realfintech Ltd | - |
| 6 | 521248 | INE602G01020 | Kitex Garments Ltd | - |
| 7 | 537707 | INE546I01025 | Laddu Gopal Online Services Ltd$ | Moved to ESM |
| 8 | 539927 | INE920T01011 | Likhami Consulting Ltd | - |
| 9 | 540729 | INE695X01011 | Vanta Bioscience Ltd* | Moved to LT-ASM |
Regulatory Changes
The ST-ASM framework applies additional surveillance conditions, including higher margin requirements and trade-for-trade settlement obligations, to securities identified as potentially exhibiting abnormal price or volume behavior. This circular updates the list in accordance with BSE’s ongoing market surveillance obligations under SEBI guidelines.
Compliance Requirements
- Brokers and members must apply the applicable ST-ASM margins and trading restrictions for newly added securities from March 06, 2026
- Investors holding or trading in affected securities must be aware of enhanced margin requirements under the ST-ASM framework
- Securities exiting ST-ASM but entering LT-ASM (Golechha Global Finance, Vanta Bioscience) or ESM (Laddu Gopal Online Services) remain under surveillance — members must apply the relevant framework rules accordingly
Important Dates
- Effective Date: March 06, 2026 — all additions, removals, and stage changes take effect
- Circular Date: March 05, 2026
Impact Assessment
Traders and investors in the 8 newly added securities will face increased margin requirements and potential trading restrictions under the ST-ASM framework starting March 06, 2026. Notably, Tejas Networks Ltd (a relatively large-cap technology company) being added is significant and may draw wider market attention. The 9 securities exiting ST-ASM provide some relief to their holders, though 3 of them are transitioning to stricter surveillance frameworks (LT-ASM or ESM), meaning trading restrictions may persist or intensify for those scrips.
Impact Justification
ST-ASM inclusion imposes trading restrictions and additional margins on affected securities, directly impacting investors and traders holding or planning to trade these stocks. Eight new securities are being added, affecting multiple listed companies.