Description
BSE circular announcing securities being added to, continuing in, and moving out of the Short Term 5/15/30 Days ASM Framework effective March 13, 2026. Eight securities are newly shortlisted and eight are exiting the framework.
Summary
BSE has issued this circular detailing changes to the Short Term (ST) Additional Surveillance Measure (ASM) framework effective March 13, 2026. Eight securities are newly shortlisted into the ST 5/15/30 Days ASM framework, nil securities are moving to higher or lower ASM stages, and eight securities are exiting the ST-ASM framework (most due to inclusion in the LT-ASM framework).
Key Points
- 8 securities newly added to ST-ASM framework (Annexure I, Part A) effective March 13, 2026
- No securities moving to higher or lower ASM stages within the framework
- 8 securities moving out of the ST-ASM framework (Annexure II), primarily due to migration to LT-ASM
- Several securities are flagged per NSE (marked with *); two are SME scrips (marked with @)
- The consolidated list (Annexure III) reflects all securities currently in ST-ASM with their assigned stage (I or II)
Regulatory Changes
Newly shortlisted in ST-ASM (effective March 13, 2026):
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 532392 | INE230B01021 | Creative Eye Ltd* |
| 2 | 590024 | INE188A01015 | Fertilizers and Chemicals Travancore Ltd* |
| 3 | 523384 | INE843B01013 | Maha Rashtra Apex Corporation Ltd* |
| 4 | 533285 | INE245L01028 | RDB Infrastructure And Power Ltd |
| 5 | 511700 | INE625D01028 | Standard Capital Markets Ltd |
| 6 | 511447 | INE706F01021 | Sylph Industries Ltd |
| 7 | 532398 | INE240C01028 | Usha Martin Education & Solutions Ltd* |
| 8 | 526953 | INE411B01019 | Venus Remedies Ltd* |
Moving out of ST-ASM (effective March 13, 2026):
| Sr No | Scrip Code | ISIN | Scrip Name |
|---|---|---|---|
| 1 | 531533 | INE578B01015 | Accedere Ltd* |
| 2 | 523229 | INE415D01024 | Bharat Seats Ltd |
| 3 | 512441 | INE993I01029 | Enbee Trade & Finance Ltd |
| 4 | 544475 | INE1IBY01019 | Essex Marine Ltd@ |
| 5 | 544388 | INE0PA401012 | Identixweb Ltd*@ |
| 6 | 544456 | INE219Y01026 | R M Drip and Sprinklers Systems Ltd* |
| 7 | 530439 | INE140C01012 | Siddha Ventures Ltd |
| 8 | 503624 | INE406N01014 | Svaraj Trading & Agencies Ltd* |
Securities marked (*) are moving out due to inclusion in LT-ASM Framework.
Compliance Requirements
- Market participants trading in newly added ST-ASM securities must comply with applicable margin and trading restrictions under the ST-ASM framework from March 13, 2026
- Brokers and investors must note stage assignments (Stage I or II) in the consolidated list, as different stages carry different surveillance conditions
- Securities exiting ST-ASM may be subject to LT-ASM or other surveillance frameworks; participants should verify applicable framework for each security
Important Dates
- Effective Date: March 13, 2026 — all additions, exits, and stage changes take effect
- Circular Date: March 12, 2026
Impact Assessment
The inclusion of 8 securities in the ST-ASM framework will subject them to enhanced surveillance, including potential restrictions on intraday trading, increased margin requirements, and trade-to-trade settlement depending on the assigned stage. This directly impacts retail and institutional investors holding or trading these securities. The 8 securities exiting ST-ASM (mostly migrating to LT-ASM) will continue to face restrictions under the new applicable framework, meaning no immediate relief for those investors. SME scrips and NSE-flagged securities in the list indicate cross-exchange coordination in surveillance actions.
Impact Justification
Directly affects tradability and margin requirements for multiple listed securities; inclusion in ST-ASM imposes trading restrictions and heightened surveillance on affected stocks effective March 13, 2026.