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

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:<_o3a_p>

Ø 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. April 28, 2025on all open positions as on April 25, 2025 and new positions created from April 28, 2025.<_o3a_p>

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:<_o3a_p>

Ø Applicable margin rate shall be 100% or existing margin whichever is higher subject to maximum rate of margin capped at 100%. w.e.f. April 28, 2025on all open positions as on April 25, 2025 and new positions created from April 28, 2025.<_o3a_p>

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.<_o3a_p>

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.<_o3a_p>

In case of any clarifications, members may write to us at [email protected]<_o3a_p>

For & On behalf of BSE Ltd.<_o3a_p>

April 24, 2025