Description

NSE places V R Infraspace Limited under Long-Term Additional Surveillance Measure (ASM) Stage I with 100% margin requirement effective July 31, 2025.

Summary

NSE has placed V R Infraspace Limited (Symbol: VR) under Long-Term Additional Surveillance Measure (ASM) Stage I effective July 29, 2025. The company was moved from Short-Term ASM to Long-Term ASM framework. A 100% margin requirement will apply to all open and new positions from July 31, 2025.

Key Points

  • V R Infraspace Limited (VR) moved from ST-ASM to LT-ASM framework
  • Security placed in Long-Term ASM Stage I
  • 100% margin requirement applicable on all positions
  • No securities moved to Stage IV (Trade-for-Trade segment)
  • ASM framework works in conjunction with other surveillance measures

Regulatory Changes

  • Implementation of Long-Term Additional Surveillance Measure for VR
  • Margin requirement increased to 100% for the affected security
  • ASM classification is purely for market surveillance purposes

Compliance Requirements

  • Market participants must maintain 100% margin for VR positions
  • Compliance with all existing surveillance measures remains mandatory
  • Members should refer to NSE FAQs on Additional Surveillance Measure

Important Dates

  • July 29, 2025: Effective date for ASM Stage I classification
  • July 30, 2025: Last day for existing positions under previous margin requirements
  • July 31, 2025: 100% margin requirement becomes applicable

Impact Assessment

  • Trading Impact: High - 100% margin requirement will significantly reduce leverage and may impact trading volumes
  • Liquidity Impact: Medium to High - Higher margin requirements typically reduce market participation
  • Investor Impact: High - Existing position holders need to arrange additional margins or close positions
  • Market Surveillance: Enhanced monitoring of the security for unusual price/volume movements

Impact Justification

100% margin requirement significantly impacts trading in the affected security