Description

BSE notice on securities being added to, moved within, or removed from the Long Term Additional Surveillance Measure (LT-ASM) framework effective March 10, 2026. Includes consolidated list of all securities currently under LT-ASM.

Summary

BSE has issued a notice detailing changes to the Long Term Additional Surveillance Measure (LT-ASM) framework effective March 10, 2026. Three securities are being newly added to LT-ASM (Part A), one security is being moved to a higher ASM stage (Part B), no securities are moving to lower stages (Part C), and one security is exiting the LT-ASM framework (Annexure II). A consolidated list of all securities currently under LT-ASM is also provided.

Key Points

  • 3 new securities added to LT-ASM framework w.e.f. March 10, 2026: Filatex Fashions Ltd (532022), Laxmipati Engineering Works Ltd (537669), One Global Service Provider Ltd (514330)
  • 1 security moved to higher ASM Stage 2 w.e.f. March 10, 2026: Transpact Enterprises Ltd (542765)
  • No securities moved to lower ASM stages
  • No securities added to Direct Stage IV LT-ASM
  • 1 security exiting LT-ASM w.e.f. March 09, 2026: Golechha Global Finance Ltd (531360) — moving out due to inclusion in GSM Framework
  • A consolidated list (Annexure III) covers all securities currently in LT-ASM with their respective ASM stages

Regulatory Changes

  • Securities newly placed under LT-ASM are subject to enhanced surveillance and trading restrictions as per the LT-ASM framework guidelines
  • Transpact Enterprises Ltd moves from Stage 1 to Stage 2, implying stricter surveillance conditions
  • Golechha Global Finance Ltd exits LT-ASM as it has been subsumed under the GSM (Graded Surveillance Measure) framework

Compliance Requirements

  • Market participants and brokers must note the revised LT-ASM applicability for affected securities from March 10, 2026
  • Trading in newly added and stage-upgraded securities will be subject to applicable LT-ASM conditions (e.g., trade-to-trade settlement, margin requirements)
  • Filatex Fashions Ltd (532022) inclusion is as per NSE data (marked with *)

Important Dates

  • March 09, 2026: Golechha Global Finance Ltd (531360) exits LT-ASM framework
  • March 10, 2026: New securities added to LT-ASM take effect; stage movement for Transpact Enterprises Ltd takes effect

Impact Assessment

The addition of three securities to LT-ASM will restrict trading flexibility for investors holding or trading Filatex Fashions Ltd, Laxmipati Engineering Works Ltd, and One Global Service Provider Ltd, likely leading to reduced liquidity. The stage upgrade of Transpact Enterprises Ltd to Stage 2 increases surveillance stringency. The exit of Golechha Global Finance Ltd from LT-ASM into GSM indicates continued regulatory scrutiny under a different framework. Market participants should review the full consolidated list in Annexure III for current LT-ASM status of all affected securities.

Impact Justification

LT-ASM placement imposes significant trading restrictions on affected securities, directly impacting liquidity and investor activity for multiple stocks effective March 10, 2026.