Stocks removed from Long/Short Term Additional Surveillance Measure (ASM) and Graded Surveillance Measure (GSM) framework on BSE exchange

See the list of all stocks removed from the BSE exchange i.e, Long/Short Term Additional Surveillance Measure (ASM) and Graded Surveillance Measure (GSM) framework. Table also shows exit date on which the stock was removed from the monitoring. Click on the history icon to see the movement between different terms and stages.
Check the FAQ section to know more about the Additional Surveillance Measure (ASM) and Graded Surveillance Measure (GSM) framework.

Stock Name Stock Code Exchange LONG/SHORT TERM STAGE Exit Date History
Alps Industries
ALPSINDUS BSE GSM Stage 0 09 Mar 2026 View History
Pratiksha Chemicals
PRATIKSH BSE GSM Stage 0 09 Mar 2026 View History
Rollatainers
ROLLT BSE GSM Stage 0 09 Mar 2026 View History
Arigato Universe
ARIGATO BSE GSM Stage 0 09 Mar 2026 View History
Salguti Industries
SALGUTI BSE GSM Stage 0 09 Mar 2026 View History
Oxford Industries
OXFORDIN BSE GSM Stage 0 09 Mar 2026 View History
Rishabh Digha Steel
RISHDIGA BSE GSM Stage 0 09 Mar 2026 View History
First Fintec
FIRSTFIN BSE GSM Stage 0 09 Mar 2026 View History
Sirohia & Sons
SIROHIA BSE GSM Stage 0 09 Mar 2026 View History
Abhinav Leasing & Fin
ALFL BSE GSM Stage 0 09 Mar 2026 View History
Step Two Corporation
STEP2COR BSE GSM Stage 0 09 Mar 2026 View History
Pratik Panels
PRATIK BSE GSM Stage 0 09 Mar 2026 View History
Williamson Magor
WILLAMAGOR BSE GSM Stage 0 09 Mar 2026 View History
Homre
HOM BSE GSM Stage 0 09 Mar 2026 View History
Emmessar Biotech
EMMESSA BSE GSM Stage 0 09 Mar 2026 View History
ISF
ISFL BSE GSM Stage 0 09 Mar 2026 View History
Vijay Textiles
VIJAYTX BSE GSM Stage 0 09 Mar 2026 View History
Dynamic Archistructures
DAL BSE GSM Stage 0 09 Mar 2026 View History
Darshan Orna
DARSHANORNA BSE GSM Stage 0 09 Mar 2026 View History
Shangar Decor
SHANGAR BSE GSM Stage 0 09 Mar 2026 View History
Chandni Machines
CHANDNIMACH BSE GSM Stage 0 09 Mar 2026 View History
Seacoast Shipping
SEACOAST BSE GSM Stage 0 09 Mar 2026 View History
Satiate Agri
SATAGRI BSE GSM Stage 0 09 Mar 2026 View History
Polo Hotels
POLOHOT BSE GSM Stage 0 09 Mar 2026 View History
Cindrella Financial
CINDRELL BSE GSM Stage 0 09 Mar 2026 View History
Noida Toll Bridge
NOIDATOLL BSE GSM Stage 0 09 Mar 2026 View History
Darjeeling Industries
DARJEELING BSE GSM Stage II 09 Mar 2026 View History
Triliance Polymers
TRILIANCE BSE GSM Stage II 09 Mar 2026 View History
Bharat Textiles
BHATEXT BSE GSM Stage IV 09 Mar 2026 View History
Ganon Products
GANONPRO BSE GSM Stage I 09 Mar 2026 View History
IDream Film Infra
IDREAM BSE GSM Stage IV 09 Mar 2026 View History
Easun Capital Markets
EASUN BSE GSM Stage II 09 Mar 2026 View History
Alan Scott Ent
ALANSCOTT BSE GSM Stage III 09 Mar 2026 View History
Aarcon Facilities
AARCON BSE GSM Stage I 09 Mar 2026 View History
Procal Electronics
PROCAL BSE GSM Stage III 09 Mar 2026 View History
Rajasthan Tube
RAJTUBE BSE GSM Stage II 09 Mar 2026 View History
Amit International
AMITINT BSE GSM Stage 0 09 Mar 2026 View History
Galaxy Agrico
GALAGEX BSE GSM Stage I 09 Mar 2026 View History
KCD Industries
KCDGROUP BSE GSM Stage 0 09 Mar 2026 View History
Garware Synthetics
GARWSYN BSE GSM Stage 0 09 Mar 2026 View History
Sparkle Gold Rock
SPARKLEGR BSE GSM Stage II 09 Mar 2026 View History
Mega Fin
MEGFI BSE GSM Stage I 09 Mar 2026 View History
Kartik Investments
KARTKIN BSE GSM Stage IV 09 Mar 2026 View History
Source Industries
SOURCEIND BSE GSM Stage IV 09 Mar 2026 View History
Indo Credit Capital
INDOCRED BSE GSM Stage IV 09 Mar 2026 View History
Gayatri Projects
GAYAPROJ BSE GSM Stage IV 09 Mar 2026 View History
Belding
BELDING BSE GSM Stage I 09 Mar 2026 View History
Arshiya
ARSHIYA BSE GSM Stage 0 09 Mar 2026 View History
Karnawati Innovation
KARNAWATI BSE GSM Stage III 09 Mar 2026 View History
CLIO Infotech
CLIOINFO BSE GSM Stage II 09 Mar 2026 View History
Royal Cushion Vinyl
ROYALCU BSE Long Term ASM Stage I 08 May 2026 View History
Ushakiran Finance
USHAKIRA BSE Long Term ASM Stage I 08 May 2026 View History
Suraj Industries
SURJIND BSE Long Term ASM Stage I 08 May 2026 View History
Bhatia Colour Chem
BCCL BSE Long Term ASM Stage I 08 May 2026 View History
Pratiksha Chemicals
PRATIKSH BSE Long Term ASM Stage I 08 May 2026 View History
52 Weeks Entertainment
SHAQUAK BSE Long Term ASM Stage I 08 May 2026 View History
CWD
CWD BSE Long Term ASM Stage I 08 May 2026 View History
Franklin Leasing
FRANKLIN BSE Long Term ASM Stage I 08 May 2026 View History
A-1 Acid
A1L BSE Long Term ASM Stage I 08 May 2026 View History
Gyftr
GYFTR BSE Long Term ASM Stage I 08 May 2026 View History
Sunrise Efficient
SEML BSE Long Term ASM Stage I 08 May 2026 View History
Danlaw Technologies
DANLAW BSE Short Term ASM Stage I 08 May 2026 View History
SVP Global Textiles
SVPGLOB BSE Long Term ASM Stage I 08 May 2026 View History
Laxmi Finance
LAXMIINDIA BSE Short Term ASM Stage I 08 May 2026 View History
Chartered Logistics
CHLOGIST BSE Long Term ASM Stage I 08 May 2026 View History
Symbiox Investment
SYMBIOX BSE Long Term ASM Stage I 08 May 2026 View History
Prima Agro
PRIMAGR BSE Short Term ASM Stage I 08 May 2026 View History
Mayank Cattle Food
MCFL BSE Short Term ASM Stage I 08 May 2026 View History
Accretion Nutraveda
ANL BSE Short Term ASM Stage I 08 May 2026 View History
Nectar Lifesciences
NECLIFE BSE Long Term ASM Stage I 08 May 2026 View History
Arrow Greentech
ARROWGREEN BSE Short Term ASM Stage I 07 May 2026 View History
Chemtech Industrial
CHEMTECH BSE Short Term ASM Stage I 07 May 2026 View History
Landmark Global Learning
LGLL BSE Short Term ASM Stage I 07 May 2026 View History
Chemkart
CHEMKART BSE Short Term ASM Stage I 07 May 2026 View History
Amal
AMAL BSE Short Term ASM Stage I 07 May 2026 View History
Sai Capital
SAICAPI BSE Short Term ASM Stage I 07 May 2026 View History
California Software
CALSOFT BSE Short Term ASM Stage I 07 May 2026 View History
Mitsu Chem Plast
MITSU BSE Short Term ASM Stage I 07 May 2026 View History
Retaggio Industries
RETAGGIO BSE Short Term ASM Stage I 06 May 2026 View History
Network People
NPST BSE Short Term ASM Stage I 06 May 2026 View History
Bluspring Enterprises
BLUSPRING BSE Short Term ASM Stage I 06 May 2026 View History
Rollatainers
ROLLT BSE Short Term ASM Stage I 06 May 2026 View History
Kriti Industries
KRITI BSE Long Term ASM Stage I 06 May 2026 View History
Delta Corp
DELTACORP BSE Short Term ASM Stage I 06 May 2026 View History
Dhruv Consultancy
DHRUV BSE Long Term ASM Stage I 06 May 2026 View History
Solvex Edibles
SOLVEX BSE Short Term ASM Stage I 06 May 2026 View History
Omax Autos
OMAXAUTO BSE Short Term ASM Stage I 06 May 2026 View History
Corporate Merchant
CMBL BSE Short Term ASM Stage I 05 May 2026 View History
Shine Fashions
SHINEFASH BSE Short Term ASM Stage I 05 May 2026 View History
Narmadesh Brass Industries
NARMADESH BSE Short Term ASM Stage I 05 May 2026 View History
Elecon Engineering
ELECON BSE Short Term ASM Stage I 05 May 2026 View History
AYM Syntex
AYMSYNTEX BSE Short Term ASM Stage I 05 May 2026 View History
ADF Foods
ADFFOODS BSE Short Term ASM Stage I 05 May 2026 View History
Lactose
LACTOSE BSE Short Term ASM Stage I 05 May 2026 View History
Waa Solar
WAA BSE Short Term ASM Stage I 05 May 2026 View History
Dhillon Freight Carrier
DHILLON BSE Short Term ASM Stage I 05 May 2026 View History
K V Toys
KVTOYS BSE Short Term ASM Stage I 05 May 2026 View History
Indowind Energy
INDOWIND BSE Long Term ASM Stage I 05 May 2026 View History
Kuber Udyog
KUBERJI BSE Short Term ASM Stage I 05 May 2026 View History
Edvenswa Enterprises
EDVENSWA BSE Short Term ASM Stage I 05 May 2026 View History
Vijay Solvex
VIJSOLX BSE Short Term ASM Stage I 04 May 2026 View History
Bodal Chemicals
BODALCHEM BSE Short Term ASM Stage I 04 May 2026 View History
DAPS Advertising
DAPS BSE Short Term ASM Stage I 04 May 2026 View History
Mideast Portfolio
MIDEASTP BSE Short Term ASM Stage I 04 May 2026 View History
Hamps Bio
HAMPS BSE Short Term ASM Stage I 04 May 2026 View History
Citadel Realty
CITADEL BSE Short Term ASM Stage I 04 May 2026 View History
NHC Foods
NHCFOODS BSE Short Term ASM Stage I 04 May 2026 View History
Lake Shore Realty
LAKESHORE BSE Short Term ASM Stage I 04 May 2026 View History
Space Incubatrics
SPACEINCUBA BSE Short Term ASM Stage I 04 May 2026 View History
Quality RO Industries
QRIL BSE Short Term ASM Stage I 04 May 2026 View History
Mish Designs
MISHDESIGN BSE Short Term ASM Stage I 04 May 2026 View History
Sharvaya Metals
SHARVAYA BSE Short Term ASM Stage I 04 May 2026 View History
Star Imaging and Path Lab
STARIMAGIN BSE Short Term ASM Stage I 04 May 2026 View History
ASM Technologies
ASMTEC BSE Long Term ASM Stage I 30 Apr 2026 View History
BGR Energy Systems
BGRENERGY BSE Long Term ASM Stage IV 30 Apr 2026 View History
Neopolitan Pizza
NPFL BSE Long Term ASM Stage I 30 Apr 2026 View History
Evexia Lifecare
EVEXIA BSE Long Term ASM Stage I 30 Apr 2026 View History
Pro Fin Cap Serv
PROFINC BSE Short Term ASM Stage I 30 Apr 2026 View History
LKP Securities
LKPSEC BSE Short Term ASM Stage I 30 Apr 2026 View History
Modipon
MODIPON BSE Long Term ASM Stage I 30 Apr 2026 View History
Vibrant Global Cap
VGCL BSE Long Term ASM Stage I 30 Apr 2026 View History
Valiant Laboratories
VALIANTLAB BSE Long Term ASM Stage I 30 Apr 2026 View History
Munoth Fin Serv
MUNOTHFI BSE Short Term ASM Stage I 30 Apr 2026 View History
LGB Forge
LGBFORGE BSE Long Term ASM Stage I 30 Apr 2026 View History
Kakatiya Cement & Sugar
KAKATCEM BSE Long Term ASM Stage I 30 Apr 2026 View History
Oil Country Tubular
OILCOUNTUB BSE Long Term ASM Stage I 30 Apr 2026 View History
Sri Ramakrishna Mills
SRMCL BSE Long Term ASM Stage I 30 Apr 2026 View History
Natura Hue Chem
NATHUEC BSE Long Term ASM Stage I 30 Apr 2026 View History
Systematic Industries
SYSTEMATIC BSE Short Term ASM Stage I 30 Apr 2026 View History
Mittal Sections
MITTALSTL BSE Short Term ASM Stage I 30 Apr 2026 View History
Empower
EMPOWER BSE Long Term ASM Stage I 30 Apr 2026 View History
Telogica
TELOGICA BSE Long Term ASM Stage I 30 Apr 2026 View History
Vineet Laboratories
VINEETLAB BSE Long Term ASM Stage I 30 Apr 2026 View History
Globale Tessile
GLOBALE BSE Long Term ASM Stage I 30 Apr 2026 View History
Sera Investments
SERA BSE Short Term ASM Stage I 30 Apr 2026 View History
Umiya Tubes
UMIYA BSE Short Term ASM Stage I 30 Apr 2026 View History
Aelea Commodities
ACLD BSE Short Term ASM Stage I 30 Apr 2026 View History
Davin Sons Retail
DAVIN BSE Short Term ASM Stage I 30 Apr 2026 View History
Umiya Mobile
UML BSE Short Term ASM Stage I 30 Apr 2026 View History
VCU Data Management
VCU BSE Long Term ASM Stage I 30 Apr 2026 View History
Eco Recycling
ECORECO BSE Short Term ASM Stage I 30 Apr 2026 View History
Birla Cable
BIRLACABLE BSE Long Term ASM Stage I 30 Apr 2026 View History
3B Films
3BFILMS BSE Long Term ASM Stage I 30 Apr 2026 View History
Tirupati Innovar
TIRUPATIIN BSE Short Term ASM Stage I 30 Apr 2026 View History
Nidhi Granites
NIDHGRN BSE Long Term ASM Stage I 30 Apr 2026 View History
Hindustan Appliances
HINDAPL BSE Long Term ASM Stage I 30 Apr 2026 View History
Palred Technologies
PALREDTEC BSE Long Term ASM Stage I 30 Apr 2026 View History
Comfort Commotrade
COMCL BSE Long Term ASM Stage I 30 Apr 2026 View History
Abans Enterprises
ABANSENT BSE Short Term ASM Stage I 30 Apr 2026 View History
Aarey Drugs & Pharma
AAREYDRUGS BSE Long Term ASM Stage I 29 Apr 2026 View History
Kretto Syscon
KRETTOSYS BSE Long Term ASM Stage I 29 Apr 2026 View History
SAL Steel
SALSTEEL BSE Short Term ASM Stage I 29 Apr 2026 View History
Rapid Investments
RAPIDIN BSE Short Term ASM Stage I 29 Apr 2026 View History
Investment & Precision
INVPRECQ BSE Short Term ASM Stage I 29 Apr 2026 View History
PCS Technology
PCS BSE Short Term ASM Stage I 29 Apr 2026 View History
Karma Energy
KARMAENG BSE Short Term ASM Stage I 29 Apr 2026 View History
Suratwwala Business Group
SBGLP BSE Short Term ASM Stage I 29 Apr 2026 View History
Promax Power
PROMAX BSE Short Term ASM Stage I 29 Apr 2026 View History
Meta Infotech
METAINFO BSE Short Term ASM Stage I 29 Apr 2026 View History
Last Mile Ent
LASTMILE BSE Long Term ASM Stage IV 29 Apr 2026 View History
HCP Plastene Bulkpack
HPBL BSE Short Term ASM Stage I 29 Apr 2026 View History
Pune E-Stock Broking
PESB BSE Long Term ASM Stage I 28 Apr 2026 View History
Shivam Autotech
SHIVAMAUTO BSE Long Term ASM Stage I 28 Apr 2026 View History
Bhagyanagar
BHAGYANGR BSE Long Term ASM Stage I 28 Apr 2026 View History
Last Mile Ent
LASTMILE BSE Long Term ASM Stage III 28 Apr 2026 View History
Elcid Investments
ELCIDIN BSE Short Term ASM Stage I 28 Apr 2026 View History
Amal
AMAL BSE Short Term ASM Stage II 28 Apr 2026 View History
Cochin Minerals & Rutile
COCHINM BSE Short Term ASM Stage I 28 Apr 2026 View History
Sri KPR Industries
SRIKPRIND BSE Short Term ASM Stage I 28 Apr 2026 View History
Edvenswa Enterprises
EDVENSWA BSE Short Term ASM Stage I 28 Apr 2026 View History
Espire Hospitality
ESPIRE BSE Short Term ASM Stage I 28 Apr 2026 View History
Modern Engineering
MEAPL BSE Short Term ASM Stage I 28 Apr 2026 View History
Deep Polymers
DEEP BSE Short Term ASM Stage I 28 Apr 2026 View History
Billwin Industries
BILLWIN BSE Short Term ASM Stage I 28 Apr 2026 View History
Techknowgreen
TECHKGREEN BSE Short Term ASM Stage I 28 Apr 2026 View History
Kenrik Industries
KENRIK BSE Short Term ASM Stage I 28 Apr 2026 View History
Star Imaging and Path Lab
STARIMAGIN BSE Short Term ASM Stage II 28 Apr 2026 View History
Globtier Infotech
GLOBTIER BSE Short Term ASM Stage I 28 Apr 2026 View History
Onesource Ideas
OIVL BSE Short Term ASM Stage I 28 Apr 2026 View History
Indowind Energy
INDOWIND BSE Short Term ASM Stage I 28 Apr 2026 View History
Monarch Surveyors
MSECL BSE Short Term ASM Stage I 28 Apr 2026 View History
Oasis Securities
OASISEC BSE Short Term ASM Stage I 27 Apr 2026 View History
ADC Communications
ADCINDIA BSE Short Term ASM Stage I 27 Apr 2026 View History
Swojas Energy Foods
SWOJAS BSE Short Term ASM Stage I 27 Apr 2026 View History
Godavari Drugs
GODAVARI BSE Short Term ASM Stage I 27 Apr 2026 View History
Rungta Irrigation
RUNGTAIR BSE Short Term ASM Stage I 27 Apr 2026 View History
Astec Lifesciences
ASTEC BSE Short Term ASM Stage I 27 Apr 2026 View History
Samsrita Labs
SAMSRITA BSE Short Term ASM Stage I 27 Apr 2026 View History
Deep Health AI
DEEPAI BSE Short Term ASM Stage I 27 Apr 2026 View History
Omnipotent Industries
OMNIPOTENT BSE Short Term ASM Stage I 27 Apr 2026 View History
Enviro Infra Engineers
EIEL BSE Short Term ASM Stage I 27 Apr 2026 View History
Hindustan Appliances
HINDAPL BSE Short Term ASM Stage I 27 Apr 2026 View History
Zodiac Energy
ZODIAC BSE Short Term ASM Stage I 27 Apr 2026 View History
Gabriel Pet Straps
GPSL BSE Long Term ASM Stage I 24 Apr 2026 View History
Olympic Cards
OLPCL BSE Long Term ASM Stage I 24 Apr 2026 View History
Pearl Green Clubs
PGCRL BSE Long Term ASM Stage I 24 Apr 2026 View History
Panjon
PANJON BSE Long Term ASM Stage I 24 Apr 2026 View History
Chartered Logistics
CHLOGIST BSE Long Term ASM Stage II 24 Apr 2026 View History
Shukra Pharma
SHUKRAPHAR BSE Long Term ASM Stage I 24 Apr 2026 View History
Symbiox Investment
SYMBIOX BSE Long Term ASM Stage II 24 Apr 2026 View History

    FAQ

  • What is Graded Surveillance Measure (GSM)?

    Graded Surveillance Measure (GSM) is one of many surveillance measures implemented, by SEBI and Exchanges, on securities with price not commensurate with financial health and fundamentals like Earnings, Book value, Fixed assets, Net-worth, P/E multiple, Market Capitalisation etc.

  • What are the main objectives of Graded Surveillance Measure (GSM)?

    • Alert and advice investors to be extra cautious while dealing in these securities.
    • Advise market participants to carry out necessary due diligence while dealing in these securities.

  • Where can more details on Graded Surveillance Measure (GSM) be found?

  • Should shortlisting under Graded Surveillance Measure (GSM) be construed as an adverse action against the concerned company/entity?

    The shortlisting of securities under Graded Surveillance Measure (GSM) is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/entity.

  • What are the criteria for shortlisting scrips under Graded Surveillance Measure (GSM) framework?

    The detailed criteria for shortlisting & review of securities under GSM Framework is given below:

    Criteria I:
    The following criteria shall be made applicable for inclusion of securities under GSM Framework.

    1. Securities with latest available Net worth (Share Capital + Reserves & Surplus – debit balance in P&L) less than or equal to Rs. 10 crores;
    2. AND

    3. Securities with latest available Net Fixed Assets (Tangible Assets + Capital Work in Progress) less than or equal to Rs. 25 crores;
    4. AND

    5. Securities with PE greater than 2 times PE of Benchmark Index (Nifty 500) OR negative PE.

    The following securities shall be excluded from the process of shortlisting of securities under GSM:
    1. Securities where the price discovery is yet to take place as per the provision of SEBI circulars CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012 dated January 20, 2012.
    2. Securities already under suspension;
    3. Securities on which derivative products are available;
    4. Securities as a part of any index (NSE or BSE);
    5. Public Sector Enterprises and its subsidiaries, if available;
    6. Securities listed during last 1 year through Initial Public Offering (IPO);
    7. Securities which have paid a dividend for each of the last three preceding years;
    8. Securities with Institutional holding greater than 10% only if the following conditions are met:
      • If the promoter entity has not offloaded any share in the last 5 years;

      AND

      • The current trading price of the security is within the range of High & Low price in last 3 years of the respective security.
    9. Securities listed through Scheme of Arrangement involving Merger / Demerger during last 1 year:
      1. In case of demerger, the following condition shall be applicable:
        • If the parent company is under purview of GSM, the resultant demerged companies shall also attract GSM.
        • If the parent company is not under purview of GSM, the resultant demerged companies shall not be part of GSM at the time of demerger and shall be considered during the subsequent quarterly review.
      2. In case of merger of companies, if any of the securities at time of merger are under the purview of GSM, then the same shall be continued on the resultant entity.

    Criteria II:
    The following criteria shall be made applicable for inclusion of securities.
    1. Securities with full market capitalization less than Rs. 25 crore;
    2. AND

    3. Securities with PE greater than 2 times PE of Benchmark Index (Nifty 500);
    4. OR

    5. Securities with negative PE, the following should be considered:
      • P/B (Price to Book) value of scrip greater than 2 times the P/B value of Benchmark Index (Nifty 500)

      OR

      • P/B value is negative

  • What is Additional Surveillance Measure (ASM)?

    Additional Surveillance Measure (ASM) is part of SEBI and the Exchanges initiative to enhance market integrity and safeguard the interest of investors. The ASM list is a list of securities that are currently getting monitored due to factors like price fluctuation, volatility, volume variance, etc.

  • What are the main objectives of and Additional Surveillance Measure (ASM)?

    • Alert and advice investors to be extra cautious while dealing in these securities.
    • Advise market participants to carry out necessary due diligence while dealing in these securities.

  • Where can more details on Additional Surveillance Measure (ASM) be found?

  • Should shortlisting under Additional Surveillance Measure (ASM) be construed as an adverse action against the concerned company/entity?

    The shortlisting of securities under Additional Surveillance Measure (ASM) is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/entity.

  • What are the criteria for shortlisting scrips under Additional Surveillance Measure (ASM) framework?

    The shortlisting of securities for placing in Additional Surveillance Measure (ASM) framework is based on an objective criteria as jointly decided by SEBI and Exchanges covering the following market based dynamic parameters:

    • High Low Variation
    • Client Concentration
    • Close to Close Price Variation
    • Volume Variation
    • Delivery Percentage
    • No. of Unique PANs
    • PE