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BSE imposes Long Term Additional Surveillance Measures on specific securities. The exchange applies 100 percent margins on open and new positions for securities in Annexure I Part A. The exchange applies a lower price band for these securities. Certain securities move to higher stages of the framework as listed in Annexure I Part B. Other securities transfer to T, XT, MT, or TS groups. The exchange removes specific securities from the framework as listed in Annexure II. The exchange reviews these measures on a periodic basis. These measures apply in addition to other existing surveillance measures. The shortlisting of securities results from market surveillance and does not constitute adverse action against the companies.
What you must do
Key dates
Who is affected
Thresholds
If you do not comply
Ask about this notice
[Image omitted. See the official document.]
| Notice No. | 20260915-34 |
|---|---|
| Notice Date | 15 Sep 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | Applicability of Long Term Additional Surveillance Measure (LT-ASM) |
| Attachments | ANNEXURE-ASMLT |
[Image omitted. See the official document.]
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. September 18, 2026 on all open positions as on September 17, 2026 and new positions created from September 18, 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. September 16, 2026 is given in Annexure I (Part B):
In addition, Lower Price Band shall be applicable w.e.f. September 16, 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. September 18, 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. September 16, 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 | Arpita Joshi |
|---|---|
| Deputy Vice President | Manager |
| Surveillance | Surveillance |
