Description
BSE announces securities being added to, moved within, and removed from the Short Term 5/15/30 Days ASM Framework effective March 11, 2026. Eight securities are newly shortlisted and nine securities are moving out of the ST-ASM framework.
Summary
BSE has issued a circular detailing changes to the Short Term (ST) Additional Surveillance Measure (ASM) framework effective March 11, 2026. Eight new securities have been shortlisted under the Short Term 5/15/30 Days ASM framework, no securities are being moved to higher or lower stages, and nine securities are being removed from the ST-ASM framework.
Key Points
- 8 securities newly added to ST-ASM 5/15/30 Days framework effective March 11, 2026
- NIL securities moving to a higher ASM stage
- NIL securities moving to a lower ASM stage
- 9 securities removed from ST-ASM framework effective March 11, 2026
- Several newly added securities are per NSE classification (marked *)
- One newly added security (Nisus Finance Services Co Ltd) is an SME scrip (marked @)
- Among removed securities, Magenta Lifecare Ltd is moving out due to inclusion in LT-ASM Framework
- Three removed securities are SME scrips (Magenta Lifecare, Narmadesh Brass Industries, Shanti Spintex, Shiv Texchem)
Regulatory Changes
The ST-ASM framework applies enhanced surveillance to securities exhibiting abnormal price/volume movement. Securities under this framework are subject to:
- Mandatory higher margin requirements
- Potential trade-for-trade settlement
- Periodic review for stage escalation or de-escalation
Securities newly added will enter Stage I of the ST-ASM 5/15/30 Days framework.
Compliance Requirements
- Brokers/Members: Must apply enhanced margin requirements for newly added ST-ASM securities from March 11, 2026
- Investors: Should be aware of additional margin and settlement obligations for trades in listed ST-ASM securities
- Companies: No direct compliance action required from listed companies, but they should be aware of their surveillance status
Important Dates
- Effective Date: March 11, 2026 — all additions and removals from ST-ASM framework come into effect
Impact Assessment
Securities Added to ST-ASM (effective March 11, 2026):
| Scrip Code | ISIN | Scrip Name |
|---|---|---|
| 544703 | INE0OFM01015 | DCM Shriram Fine Chemicals Ltd* |
| 544198 | INE841L01016 | Dee Development Engineers Ltd* |
| 500186 | INE345A01011 | Hindustan Oil Exploration Company Ltd* |
| 541304 | INE250Z01010 | Indo Us Bio-Tech Ltd* |
| 543644 | INE344S01016 | Infobeans Technologies Ltd* |
| 511034 | INE742C01031 | Jindal Drilling & Industries Ltd* |
| 544296 | INE0DQN01013 | Nisus Finance Services Co Ltd@ (SME) |
| 531583 | INE483D01014 | Rap Corp Ltd |
Securities Removed from ST-ASM (effective March 11, 2026):
| Scrip Code | ISIN | Scrip Name | Reason |
|---|---|---|---|
| 539946 | INE217E01014 | Bazel International Ltd | — |
| 540360 | INE715Q01029 | Leading Leasing Finance And Investment Company Ltd | — |
| 544188 | INE0QZ901011 | Magenta Lifecare Ltd@* | Moved to LT-ASM |
| 544680 | INE0S1B01014 | Narmadesh Brass Industries Ltd@ (SME) | — |
| 532923 | INE722H01024 | Renaissance Global Ltd | — |
| 544059 | INE0QZQ01019 | Shanti Spintex Ltd@ (SME) | — |
| 544272 | INE0YRO01015 | Shiv Texchem Ltd@ (SME) | — |
| 500356 | INE278B01020 | Shree Rama Newsprint Ltd | — |
| 538923 | INE499Q01012 | Sofcom Systems Ltd | — |
The addition of securities to ST-ASM typically results in higher volatility and reduced liquidity as traders adjust for enhanced margin requirements. Removal from ST-ASM generally signals improved price behavior, potentially improving trading conditions for affected securities.
Impact Justification
Direct trading restrictions affecting 17 securities across addition, movement, and removal from ST-ASM framework; impacts investor trading conditions and margin requirements for multiple listed companies effective next trading day.