Description
BSE announces securities being added to, moved within, and removed from the Short Term 5/15/30 Days ASM Framework effective March 09, 2026.
Summary
BSE has issued its updated Short Term (ST) Additional Surveillance Measure (ASM) list effective March 09, 2026. The circular details securities newly shortlisted under the ST 5/15/30 Days ASM Framework, securities moving to higher or lower ASM stages, and securities exiting the framework entirely. A total of 6 securities are newly added, 1 is moved to a higher stage, and 10 securities are removed from the ST-ASM framework.
Key Points
- 6 securities newly shortlisted in ST 5/15/30 Days ASM Framework effective March 09, 2026, including 4 SME scrips (marked @)
- 1 security (Aritas Vinyl Ltd) moved to a higher ASM stage within the framework
- No securities moved to a lower ASM stage (NIL)
- 10 securities removed from the ST-ASM Framework effective March 09, 2026
- 2 securities (KMF Builders & Developers Ltd, Panabyte Technologies Ltd) moving out due to inclusion in the Trade for Trade Framework
- SME scrips marked @ are subject to ST-ASM Framework applicability
- Consolidated list of securities currently under ST-ASM is provided in Annexure III
Regulatory Changes
The ST-ASM Framework is updated periodically by BSE to apply heightened surveillance on securities exhibiting unusual price movements. Securities placed under ST-ASM are subject to revised price bands (5%, 15%, or 30% depending on stage) and may be moved to trade-for-trade settlement. This circular reflects the latest reconstitution of the framework with additions, stage changes, and exits.
Compliance Requirements
- Trading members must note the updated ST-ASM list and apply applicable price bands and settlement conditions for affected securities from March 09, 2026
- Members dealing in securities newly added to ST-ASM must comply with applicable margin and settlement norms
- Securities exiting ST-ASM due to inclusion in Trade for Trade (KMF Builders & Developers Ltd, Panabyte Technologies Ltd) will be subject to Trade for Trade settlement rules instead
Important Dates
- Effective Date: March 09, 2026 — all changes (additions, stage movements, removals) take effect
- Circular Date: March 06, 2026
Impact Assessment
Newly Added Securities (Higher Restrictions):
| Scrip Code | ISIN | Scrip Name |
|---|---|---|
| 544426 | INE0Y0E01012 | Icon Facilitators Ltd (SME) |
| 539227 | INE876S01017 | Loyal Equipments Ltd |
| 540782 | INE204Y01010 | Sanghvi Brands Ltd (SME) |
| 543615 | INE0MNV01014 | Silicon Rental Solutions Ltd (SME) |
| 539123 | INE334E01017 | V B Industries Ltd |
| 543545 | INE0ID001024 | Veerkrupa Jewellers Ltd (SME) |
Moved to Higher Stage:
| Scrip Code | ISIN | Scrip Name |
|---|---|---|
| 544683 | INE1D8001016 | Aritas Vinyl Ltd |
Removed from ST-ASM (10 securities): Bajaj Consumer Care Ltd, Bhartiya International Ltd, Bhaskar Agrochemicals Ltd, KMF Builders & Developers Ltd, KRN Heat Exchanger And Refrigeration Ltd, Panabyte Technologies Ltd, Sharda Cropchem Ltd, Sindhu Trade Links Ltd, United Foodbrands Ltd, UVS Hospitality And Services Ltd.
Addition to ST-ASM restricts liquidity and increases trading costs for retail and institutional participants in these scrips. Removal from ST-ASM generally eases trading conditions, though KMF Builders and Panabyte Technologies face continued restrictions under the Trade for Trade framework.
Impact Justification
Directly affects trading conditions for multiple securities; additions to ST-ASM impose price band restrictions and trade-to-trade settlements, significantly impacting liquidity and investor activity for the listed stocks.