Applicability of Short-Term Additional Surveillance Measure

Official title

Applicability of Short-Term Additional Surveillance Measure (ST-ASM)

Official record

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What changed

BSE identifies specific securities for inclusion under Short-Term Additional Surveillance Measure (ST-ASM) Stage I and Stage II. Trading members must apply a 50 percent margin rate for Stage I securities. Trading members must apply a 100 percent margin rate for Stage II securities. These margin requirements apply to all open positions as of August 13, 2026, and all new positions created from August 14, 2026. The maximum margin rate is 100 percent. This surveillance measure operates alongside other existing exchange surveillance measures. The inclusion of securities in the ST-ASM framework results from market surveillance and does not constitute adverse action against the listed entities.

Who is affected
  • Trading members of the BSE
Required action
  • Apply a 50 percent margin rate for securities in ST-ASM Stage I.
  • Apply a 100 percent margin rate for securities in ST-ASM Stage II.
Key dates
  • Cut-off date for existing open positions — 12 Aug 2026
  • Effective date for surveillance measures — 13 Aug 2026
Thresholds
  • Maximum margin rate is 100 percent.

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Source details

Source
BSE Ltd (Bombay Stock Exchange)
Type
notice
Published by source
11 Aug 2026
Document number
20260812-42
Issuing division
DOSS
Effective date
13 Aug 2026
Coverage area
securities

Document text

Prepared for reading; wording retained from the source.

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NOTICE

Notice No.20260812-42
Notice Date12 Aug 2026
CategoryTrading
SegmentEquity
DepartmentDOSS
SubjectApplicability of Short-Term Additional Surveillance Measure (ST-ASM)
AttachmentsAnnexure_STASM

This is further to Exchange notice no. 20240920-71 dated September 20, 2024, 20181027-1 dated October 27, 2018, 20190719-33 dated 19 Jul 2019, 20201204-56 dated 04 Dec 2020, 20230925-49 dated 25 Sep 2023 and 20240920-63 dated 20 Sep 2024 regarding revision of ASM framework.

Members are hereby requested to note that the securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage I. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:

  • Applicable rate of margin shall be 50% or existing margin whichever is higher, subject to maximum rate of margin capped at 100%, w.e.f. August 14, 2026 on all open positions as on August 13, 2026 and new positions created from August 14, 2026.

Securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage II. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:

  • Applicable margin rate shall be 100% or existing margin whichever is higher subject to maximum rate of margin capped at 100%. w.e.f. August 14, 2026 on all open positions as on August 13, 2026 and new positions created from August 14, 2026.

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

Further, it may also be noted that the shortlisting of securities under ASM 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.

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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