Description
BSE has shortlisted Seshachal Technologies Ltd under Additional Surveillance Measure (ASM) effective March 09, 2025, bringing the consolidated ASM list to 16 securities.
Summary
BSE has issued a circular announcing the applicability of the Additional Surveillance Measure (ASM) for securities exhibiting unusual price movement. Seshachal Technologies Ltd (Scrip Code: 531794, ISIN: INE331F01028) has been newly shortlisted under ASM effective March 09, 2025. The consolidated ASM list now comprises 16 securities.
Key Points
- Seshachal Technologies Ltd (531794) is newly added to the ASM framework effective March 09, 2025.
- The consolidated ASM list contains 16 securities across various sectors.
- ASM is applied to securities exhibiting unusual or abnormal price movements to protect investor interest.
- All 16 securities in the consolidated list are subject to enhanced surveillance conditions.
Regulatory Changes
The ASM framework triggers additional trading conditions for shortlisted securities, which may include:
- Reduction in price bands
- Mandatory additional margins
- Periodic call auction mechanisms
The new addition (Seshachal Technologies Ltd) is subject to these measures from March 09, 2025 onwards.
Compliance Requirements
- Trading members must ensure clients are informed of the ASM status of these securities.
- Brokers must apply applicable margin requirements for ASM-listed scrips.
- Investors holding or planning to trade in ASM securities should review the specific conditions imposed.
Important Dates
- Effective Date for New Addition: March 09, 2025 — Seshachal Technologies Ltd (531794) placed under ASM.
- Circular Date: March 06, 2026.
Impact Assessment
Newly Added Security:
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 531794 | INE331F01028 | Seshachal Technologies Ltd |
Consolidated ASM List (16 Securities):
| Serial No. | Scrip Code | ISIN | Security Name |
|---|---|---|---|
| 1 | 508929 | INE433O01024 | Avishkar Infra Realty Ltd |
| 2 | 538786 | INE473L01018 | Citizen Infoline Ltd |
| 3 | 542866 | INE317W01030 | Colab Platforms Ltd |
| 4 | 505703 | INE498D01012 | Deccan Bearings Ltd |
| 5 | 511634 | INE919M01026 | Dugar Housing Developments Ltd |
| 6 | 522027 | INE279D01016 | EMA India Ltd |
| 7 | 531191 | INE589N01017 | Filtron Engineers Ltd |
| 8 | 513544 | INE277E01026 | Mardia Samyoung Capillary Tubes Company Ltd |
| 9 | 530219 | INE536C01029 | Nutricircle Ltd |
| 10 | 538537 | INE378P01036 | Omansh Enterprises Ltd |
| 11 | 513119 | INE173M01012 | Onix Solar Energy Ltd |
| 12 | 531065 | INE906K01027 | Oswal Overseas Ltd |
| 13 | 530929 | INE535P01015 | RRP Defense Ltd |
| 14 | 504346 | INE713N01013 | RRP Semiconductor Ltd |
| 15 | 507984 | INE358F01013 | SER Industries Ltd |
| 16 | 531794 | INE331F01028 | Seshachal Technologies Ltd |
Traders and investors in these securities face restricted trading conditions and higher margin requirements. The ASM designation signals regulatory concern over price manipulation or abnormal volatility, and may deter institutional participation, reducing liquidity in these scrips.
Impact Justification
ASM placement directly restricts trading conditions for affected securities, impacting liquidity and investor activity. Addition of a new security and publication of a 16-stock consolidated list has significant market implications for traders and investors holding these scrips.