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. Six securities are newly shortlisted, one moves to a higher stage, and ten are removed from the ST-ASM framework.
Summary
BSE has announced changes to the Short Term (ST) Additional Surveillance Measure (ASM) framework effective March 09, 2026. Six securities are newly shortlisted under the ST 5/15/30 Days ASM framework, one security is moved to a higher ASM stage, no securities are moved to a lower stage, and ten securities are removed from the ST-ASM framework (some due to migration to other frameworks).
Key Points
- 6 securities newly added to ST 5/15/30 Days ASM Framework (Part A, Annexure I), effective March 09, 2026
- 1 security (Aritas Vinyl Ltd) moved to a higher ST-ASM stage
- 0 securities moved to lower ST-ASM stage
- 10 securities removed from ST-ASM Framework (Annexure II), effective March 09, 2026
- Securities marked with
@are SME scrips - Some removals are due to inclusion in other surveillance frameworks (Trade for Trade, LT-ASM, GSM, ESM, Pledge)
Regulatory Changes
Newly Added to ST-ASM (Annexure I - Part A):
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 544426 | INE0Y0E01012 | Icon Facilitators Ltd (SME) |
| 2 | 539227 | INE876S01017 | Loyal Equipments Ltd |
| 3 | 540782 | INE204Y01010 | Sanghvi Brands Ltd (SME) |
| 4 | 543615 | INE0MNV01014 | Silicon Rental Solutions Ltd (SME) |
| 5 | 539123 | INE334E01017 | V B Industries Ltd |
| 6 | 543545 | INE0ID001024 | Veerkrupa Jewellers Ltd (SME) |
Moved to Higher ST-ASM Stage:
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 544683 | INE1D8001016 | Aritas Vinyl Ltd |
Removed from ST-ASM (Annexure II - Part A):
| Sr No | Scrip Code | ISIN | Scrip Name | Reason |
|---|---|---|---|---|
| 1 | 533229 | INE933K01021 | Bajaj Consumer Care Ltd | — |
| 2 | 526666 | INE828A01016 | Bhartiya International Ltd | — |
| 3 | 524534 | INE972C01018 | Bhaskar Agrochemicals Ltd | — |
| 4 | 531578 | INE580H01026 | KMF Builders & Developers Ltd | Trade for Trade Framework |
| 5 | 544263 | INE0Q3J01015 | KRN Heat Exchanger And Refrigeration Ltd | — |
| 6 | 538742 | INE516E01019 | Panabyte Technologies Ltd | Trade for Trade Framework |
| 7 | 538666 | INE221J01015 | Sharda Cropchem Ltd | — |
| 8 | 532029 | INE325D01025 | Sindhu Trade Links Ltd | — |
| 9 | 543283 | INE382M01027 | United Foodbrands Ltd | — |
| 10 | 531652 | INE528C01018 | UVS Hospitality And Services Ltd | — |
Compliance Requirements
- Trading members must apply enhanced margin requirements and applicable price band restrictions for all securities entering or escalating within the ST-ASM framework from March 09, 2026
- Members should note that KMF Builders & Developers Ltd and Panabyte Technologies Ltd are moving to the Trade for Trade settlement framework
- Investors and brokers holding positions in affected securities should review their margin obligations accordingly
Important Dates
- Effective Date: March 09, 2026 — all additions, stage changes, and removals take effect
- Circular Date: March 06, 2026
Impact Assessment
The ST-ASM framework imposes additional surveillance measures including higher margin requirements and tighter price bands on shortlisted securities, making leveraged trading more expensive and restricting intraday volatility. The addition of four SME scrips indicates continued focus on smaller-cap surveillance. Investors in the six newly added securities will face increased costs and restricted trading conditions. Those holding the ten removed securities will see trading conditions revert to normal (or transfer to another applicable framework for KMF Builders and Panabyte Technologies). The escalation of Aritas Vinyl Ltd to a higher stage signals persistent price anomaly concerns for that scrip.
Impact Justification
ST-ASM framework changes directly affect trading conditions (margins, price bands) for multiple securities effective March 09, 2026. Six new securities added, one escalated to higher stage, and ten removed — impacting investors holding these scrips.