Description
BSE announces inclusion of 8 securities in Short Term ASM framework and removal of 9 securities, effective March 11, 2026. No stage upgrades or downgrades in this revision.
Summary
BSE has announced the revised applicability of the Short Term Additional Surveillance Measure (ST-ASM) framework effective March 11, 2026. Eight securities have been newly shortlisted under the 5/15/30 Days ST-ASM framework, while nine securities are moving out. No securities are being moved to a higher or lower ASM stage in this revision.
Key Points
- 8 securities newly added to ST-ASM (5/15/30 Days) framework effective March 11, 2026
- 9 securities removed from ST-ASM framework effective March 11, 2026
- No securities moving to higher or lower ASM stages (NIL in both lists)
- Includes both NSE-flagged securities (marked *) and SME scrips (marked @)
- One security moving out (Magenta Lifecare Ltd) is due to inclusion in the LT-ASM framework
- Three SME scrips (Magenta Lifecare, Narmadesh Brass Industries, Shanti Spintex, Shiv Texchem) are among those exiting
Regulatory Changes
The following securities are newly included in Short Term 5/15/30 Days ASM Framework:
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 544703 | INE0OFM01015 | DCM Shriram Fine Chemicals Ltd* |
| 2 | 544198 | INE841L01016 | Dee Development Engineers Ltd* |
| 3 | 500186 | INE345A01011 | Hindustan Oil Exploration Company Ltd* |
| 4 | 541304 | INE250Z01010 | Indo Us Bio-Tech Ltd* |
| 5 | 543644 | INE344S01016 | Infobeans Technologies Ltd* |
| 6 | 511034 | INE742C01031 | Jindal Drilling & Industries Ltd* |
| 7 | 544296 | INE0DQN01013 | Nisus Finance Services Co Ltd@ |
| 8 | 531583 | INE483D01014 | Rap Corp Ltd |
The following securities are moving out of ST-ASM framework:
| Sr. No. | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 539946 | INE217E01014 | Bazel International Ltd |
| 2 | 540360 | INE715Q01029 | Leading Leasing Finance And Investment Company Ltd |
| 3 | 544188 | INE0QZ901011 | Magenta Lifecare Ltd@* |
| 4 | 544680 | INE0S1B01014 | Narmadesh Brass Industries Ltd@ |
| 5 | 532923 | INE722H01024 | Renaissance Global Ltd |
| 6 | 544059 | INE0QZQ01019 | Shanti Spintex Ltd@ |
| 7 | 544272 | INE0YRO01015 | Shiv Texchem Ltd@ |
| 8 | 500356 | INE278B01020 | Shree Rama Newsprint Ltd |
| 9 | 538923 | INE499Q01012 | Sofcom Systems Ltd |
*Shortlisted as per NSE. @ denotes SME scrips.
Compliance Requirements
- Trading members must apply the 5/15/30-day settlement cycle to newly added ST-ASM securities from March 11, 2026
- Clients holding or trading in newly added securities should be informed of the revised settlement obligations
- Members should update their systems to reflect the removal of exited securities from ST-ASM restrictions
- Securities marked * are shortlisted based on NSE criteria; members should cross-verify with NSE circulars for consistency
Important Dates
- Effective Date: March 11, 2026 — New additions and removals take effect
- Circular Date: March 10, 2026
Impact Assessment
Inclusion in ST-ASM framework subjects securities to enhanced settlement timelines (5/15/30 days), which reduces liquidity and increases the cost of carry for traders. The 8 newly added securities — spanning chemicals, engineering, oil exploration, bio-tech, IT, and finance sectors — will face reduced speculative interest and tighter trading conditions. Of these, 6 are flagged by NSE and 1 is an SME scrip (Nisus Finance Services).
Conversely, 9 securities are being relieved of these restrictions, potentially improving their liquidity. Notably, Magenta Lifecare Ltd is transitioning from ST-ASM to the stricter LT-ASM framework, signalling continued regulatory concern. Four SME scrips are exiting the framework, which may improve trading conditions in that segment.
Impact Justification
ST-ASM inclusion directly imposes trading restrictions (5/15/30-day settlement cycles) on affected securities, significantly impacting liquidity and investor participation. Affects 8 newly added and 9 removed stocks across NSE and BSE including SME scrips.