Description
BSE announces changes to the Long Term ASM Framework effective March 10, 2026, including 5 new securities shortlisted, 1 security moved to higher stage, and 2 securities removed from the framework.
Summary
BSE has announced updates to the Long Term Additional Surveillance Measure (LT-ASM) Framework effective March 10, 2026. Five new securities have been shortlisted under the framework, one security has been moved to a higher ASM stage, and two securities have been removed from the framework effective March 9, 2026.
Key Points
- Part A: 5 new securities added to Long Term ASM Framework w.e.f. March 10, 2026
- Part B: 1 security (Sirohia & Sons Ltd) moved to higher Stage 2 ASM w.e.f. March 10, 2026
- Part C: No securities moved to lower ASM stage (Nil)
- Part D: No securities directly shortlisted to Stage IV (Nil)
- Annexure II: 2 securities removed from LT-ASM Framework w.e.f. March 9, 2026
- A consolidated list of all securities currently under LT-ASM is provided in Annexure III
Regulatory Changes
The following securities have been newly added to the Long Term ASM Framework (Part A):
| Sr. No. | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 531156 | INE883B01027 | Alfavision Overseas India Ltd |
| 2 | 500051 | INE099C01010 | Bhagawati Gas Ltd |
| 3 | 539405 | INE183R01010 | Decorous Investment & Trading Co Ltd |
| 4 | 509563 | INE925D01014 | Garware Marine Industries Ltd |
| 5 | 544188 | INE0QZ901011 | Magenta Lifecare Ltd |
Security moved to higher ASM Stage (Part B):
| Sr. No. | Scrip Code | ISIN | Scrip Name | Moved to ASM Stage |
|---|---|---|---|---|
| 1 | 538667 | INE785O01019 | Sirohia & Sons Ltd | 2 |
Securities removed from LT-ASM Framework (Annexure II, effective March 9, 2026):
| Sr. No. | Scrip Code | ISIN | Scrip Name | Reason |
|---|---|---|---|---|
| 1 | 539200 | INE203Q01026 | Noble Polymers Ltd | Moved to ESM Framework |
| 2 | 523151 | INE910B01028 | OTCO International Ltd | Moved to GSM Framework |
Compliance Requirements
- Trading members must apply enhanced surveillance measures and applicable margin requirements for securities newly added to the LT-ASM framework
- Securities moved to Stage 2 ASM (Sirohia & Sons Ltd) are subject to stricter trading conditions applicable to that stage
- Securities removed from LT-ASM (Noble Polymers Ltd and OTCO International Ltd) are now subject to ESM and GSM frameworks respectively
- Market participants should update their systems to reflect the revised consolidated list in Annexure III
Important Dates
- March 9, 2026: Noble Polymers Ltd and OTCO International Ltd removed from LT-ASM Framework
- March 10, 2026: 5 new securities added to LT-ASM Framework (effective date)
- March 10, 2026: Sirohia & Sons Ltd moved to Stage 2 ASM (effective date)
Impact Assessment
Traders and investors holding positions in the 5 newly added securities (Alfavision Overseas India Ltd, Bhagawati Gas Ltd, Decorous Investment & Trading Co Ltd, Garware Marine Industries Ltd, and Magenta Lifecare Ltd) will face enhanced surveillance measures including higher margin requirements and trade-to-trade settlement restrictions. Sirohia & Sons Ltd faces tighter restrictions following its move to the higher Stage 2 ASM. The removal of Noble Polymers Ltd and OTCO International Ltd from LT-ASM does not represent a relaxation of restrictions, as these securities have been transferred to the ESM and GSM frameworks respectively, which carry their own trading restrictions.
Impact Justification
LT-ASM framework changes directly affect trading conditions for multiple securities, imposing enhanced surveillance and margin requirements on newly added stocks while releasing others.