Applicability of Long Term Additional Surveillance Measure

Official title

Applicability of Long Term Additional Surveillance Measure (LT-ASM)

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What changed

BSE has updated the list of securities subject to the Long Term Additional Surveillance Measure (LT-ASM) framework. Effective July 30, 2026, specific securities will be moved to higher stages of the framework, while others will be removed. Additionally, a lower price band will apply to certain securities from July 30, 2026. For securities identified in Annexure I (Part A), a 100% margin requirement will be imposed starting August 3, 2026, applicable to all open positions as of July 31, 2026, and new positions created thereafter. Furthermore, securities listed in Annexure I (Part D) will be transferred to T, XT, MT, or TS groups effective August 3, 2026. These measures are part of ongoing market surveillance and do not constitute adverse actions against the entities.

Who is affected
  • Market participants and listed companies whose securities are shortlisted under the LT-ASM framework.
Required action
  • Maintain 100% margins for securities listed in Annexure I (Part A) for open positions as of July 31, 2026, and new positions from August 3, 2026.
Key dates
  • Effective date for movement to higher stages, removal from framework, and application of lower price bands. — 29 Jul 2026
  • Effective date for 100% margin requirements and group transfers. — 02 Aug 2026
Consequences
  • Securities in Annexure I (Part D) will be transferred to T, XT, MT, or TS groups.

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Source details

Source
BSE Ltd (Bombay Stock Exchange)
Type
notice
Published by source
28 Jul 2026
Document number
20260729-30
Issuing division
DOSS
Effective date
29 Jul 2026
Coverage area
securities

Document text

Prepared for reading; wording retained from the source.

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NOTICE

Notice No.20260729-30
Notice Date29 Jul 2026
CategoryTrading
SegmentEquity
DepartmentDOSS
SubjectApplicability of Long Term Additional Surveillance Measure (LT-ASM)
AttachmentsANNEXURE_ASMLT

Content

This is with reference to the Exchange notice no. 20180321-46 dated March 21, 2018 and various notices issued thereafter in this regard and the Exchange notice no. 20181027-1 dated October 27, 2018, Exchange notice no. 20201204-56 dated December 04, 2020, Exchange notice no. 20240809-46 dated August 09, 2024 and Exchange notice no. 20240920-63 dated September 20, 2024 regarding revision of LT-ASM framework. As per the revised LT-ASM framework, it may be noted that Long Term Additional Surveillance Measures (LT-ASM) as mentioned below shall be imposed on securities as per attached Annexure I (part A):

100% Margins shall be applicable w.e.f. August 03, 2026 on all open positions as on July 31, 2026 and new positions created from August 03, 2026 onwards.

Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. Further, the list of securities which are moved to their respective higher stages LT-ASM Framework, w.e.f. July 30, 2026 is given in Annexure I (Part B):

In addition, Lower Price Band shall be applicable w.e.f. July 30, 2026

Further, with reference to the Exchange notice no. 20210604-41 dated June 04, 2021, it may be noted that Long Term Additional Surveillance Measures (LT-ASM) as mentioned below shall be imposed on securities as per attached Annexure I (part D):

Securities shall be continue in LT-ASM framework but shall be transferred to T / XT / MT / TS Group w.e.f. August 03, 2026.

Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. Further, the list of securities which are moving out from LT-ASM Framework, w.e.f. July 30, 2026 is given in Annexure II.

For ready reference, consolidated list of securities under the Framework is attached as Annexure III.

Market participants may note that above Framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.

Also, it may also be noted that the shortlisting of securities under aforesaid Framework is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company/entity.

The Price Band of a scrip moving out of the framework shall be reinstated to the Price Band applicable to that scrip before it got shortlisted under the respective framework. This will be subject to the scrip not being shortlisted or part of any other Surveillance measure, in which case, the price band of the relevant surveillance framework will prevail.

Note: Shortlisting of securities is based on the XBRL submission by the respective listed companies.

In case of any clarifications, members may write to us at bse.surv@bseindia.com.

For & On behalf of BSE Ltd.

Sanjay Jain Deputy Vice President Surveillance

Arpita Joshi Manager Surveillance

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