Description
BSE circular announcing securities being added to, moved within, and removed from the Short Term 5/15/30 Days ASM Framework effective March 13, 2026.
Summary
BSE has issued a circular on the applicability of the Short Term Additional Surveillance Measure (ST-ASM) framework effective March 13, 2026. Eight securities are being newly added to the ST-ASM framework, none are being moved to higher or lower stages within the framework, and eight securities are being removed from the framework (most due to inclusion in the LT-ASM Framework).
Key Points
- 8 securities newly shortlisted in ST-ASM (5/15/30 Days) framework effective March 13, 2026
- No securities moved to higher or lower ST-ASM stages
- 8 securities moving out of ST-ASM framework effective March 13, 2026
- Most exiting securities (marked *) are moving out due to inclusion in the LT-ASM Framework
- Two SME scrips (marked @) are among those exiting: Essex Marine Ltd and Identixweb Ltd
- One SME scrip (marked @) among new entrants: Aritas Vinyl Ltd (in consolidated list at Stage II)
Regulatory Changes
The ST-ASM framework applies enhanced surveillance on shortlisted securities to curb excessive speculation and price manipulation. Securities under ST-ASM face additional margin requirements and trade restrictions based on their assigned stage (Stage I or Stage II).
Compliance Requirements
- Brokers and trading members must apply applicable ST-ASM margins and restrictions for newly added securities from March 13, 2026
- Clients holding positions in exiting securities should note relaxation of ST-ASM restrictions from March 13, 2026
- Members should refer to the consolidated list (Annexure III) for current ST-ASM stage assignments
Important Dates
- Effective Date: March 13, 2026 — all changes (additions and removals) take effect
Impact Assessment
Newly Added Securities (ST-ASM effective March 13, 2026):
| Scrip Code | ISIN | Scrip Name |
|---|---|---|
| 532392 | INE230B01021 | Creative Eye Ltd* |
| 590024 | INE188A01015 | Fertilizers and Chemicals Travancore Ltd* |
| 523384 | INE843B01013 | Maha Rashtra Apex Corporation Ltd* |
| 533285 | INE245L01028 | RDB Infrastructure And Power Ltd |
| 511700 | INE625D01028 | Standard Capital Markets Ltd |
| 511447 | INE706F01021 | Sylph Industries Ltd |
| 532398 | INE240C01028 | Usha Martin Education & Solutions Ltd* |
| 526953 | INE411B01019 | Venus Remedies Ltd* |
Securities Exiting ST-ASM (effective March 13, 2026):
| Scrip Code | ISIN | Scrip Name | Reason |
|---|---|---|---|
| 531533 | INE578B01015 | Accedere Ltd* | Moved to LT-ASM |
| 523229 | INE415D01024 | Bharat Seats Ltd | Moved to LT-ASM |
| 512441 | INE993I01029 | Enbee Trade & Finance Ltd | Moved to LT-ASM |
| 544475 | INE1IBY01019 | Essex Marine Ltd@ | SME scrip exiting |
| 544388 | INE0PA401012 | Identixweb Ltd*@ | Moved to LT-ASM (SME) |
| 544456 | INE219Y01026 | R M Drip and Sprinklers Systems Ltd* | Moved to LT-ASM |
| 530439 | INE140C01012 | Siddha Ventures Ltd | Moved to LT-ASM |
| 503624 | INE406N01014 | Svaraj Trading & Agencies Ltd* | Moved to LT-ASM |
The migration of most exiting securities to LT-ASM indicates continued regulatory concern about these stocks, with long-term surveillance replacing short-term measures. Newly added securities will face heightened scrutiny and potential margin impacts.
Impact Justification
ST-ASM placement directly restricts trading conditions for affected securities, impacting liquidity and investor participation for 8 newly added and 8 removed securities.