Description
BSE circular announcing securities being added to, moved within, and removed from the Short Term 5/15/30 Days ASM Framework effective March 10, 2026.
Summary
BSE has announced changes to the Short Term (ST) Additional Surveillance Measure (ASM) framework effective March 10, 2026. Five securities are being newly added to the ST-ASM framework, one security is being moved to a higher ASM stage, and four securities are being removed from the ST-ASM framework. The circular also provides a consolidated list of all securities currently under the ST 5/15/30 Days ASM framework.
Key Points
- 5 securities newly shortlisted in ST-ASM Framework (Part A, Annexure I) effective March 10, 2026
- 1 security (Jindal Poly Films Ltd) moving to a higher ASM stage within ST-ASM framework
- NIL securities moving to lower ASM stage
- 4 securities exiting the ST-ASM framework (Annexure II)
- 3 of the 5 newly added securities are SME scrips (marked @)
- Consolidated list (Annexure III) includes securities at Stage I and Stage II of ST-ASM
Regulatory Changes
The ST-ASM framework applies additional surveillance measures with trade-to-trade settlement or price band restrictions at 5, 15, or 30-day intervals. Securities are classified into stages (I, II, etc.) with higher stages implying more restrictive trading conditions. Movement between stages is based on continued surveillance triggers.
Compliance Requirements
- Trading members must note revised ASM applicability for the listed securities effective March 10, 2026
- Securities newly added to ST-ASM will be subject to applicable price bands and/or trade-for-trade settlement
- Members should update client communications regarding affected securities
- SME scrips marked @ are subject to ST-ASM rules applicable to SME segment
Important Dates
- Effective Date: March 10, 2026 — all additions, stage movements, and removals come into effect
- Circular Date: March 9, 2026
Impact Assessment
Securities added to ST-ASM (5):
| Scrip Code | ISIN | Name |
|---|---|---|
| 523850 | INE767C01012 | Axtel Industries Ltd |
| 544341 | INE12QA01010 | Landmark Global Learning Ltd (SME) |
| 544188 | INE0QZ901011 | Magenta Lifecare Ltd (SME) |
| 522237 | INE092H01014 | Shivagrico Implements Ltd |
| 544175 | INE0SMU01015 | TGIF Agribusiness Ltd (SME) |
Securities moved to higher ASM stage (1):
| Scrip Code | ISIN | Name |
|---|---|---|
| 500227 | INE197D01010 | Jindal Poly Films Ltd (as per NSE) |
Securities removed from ST-ASM (4):
| Scrip Code | ISIN | Name |
|---|---|---|
| 540768 | INE766P01016 | Mahindra Logistics Ltd |
| 544056 | INE0PSJ01011 | Sahara Maritime Ltd (SME) |
| 530433 | INE960E01019 | Shiva Global Agro Industries Ltd |
| 543992 | INE0JR601024 | Yatra Online Ltd |
Trading in newly added securities will face restrictions including potential trade-for-trade settlement and tightened price bands, reducing liquidity and increasing settlement risk for traders holding these stocks.
Impact Justification
Directly impacts trading conditions for multiple securities including trading restrictions under ST-ASM framework; affects both entry and exit of securities with immediate effect from March 10, 2026.