Description

NSE updates Short-Term ASM framework with 2 securities added to Stage-I, 2 securities excluded from ASM, and consolidated list of 33 securities under surveillance.

Summary

NSE has updated the Short-Term Additional Surveillance Measure (ST-ASM) framework effective July 30, 2025. Two securities have been added to Stage-I surveillance, while two securities have been excluded from the ASM framework entirely. The consolidated ASM list now contains 33 securities under various stages of surveillance.

Key Points

  • 2 securities added to Short-Term ASM Framework Stage-I: Brightcom Group Limited (BCG) and Vimta Labs Limited (VIMTALABS)
  • No securities in Stage-II or moving between stages
  • 2 securities excluded from ASM framework: Ideal Technoplast Industries Limited (IDEALTECHO) and MIRC Electronics Limited (MIRCELECTR)
  • Total 33 securities remain under ASM surveillance (all in Stage-I)
  • Framework aims to curb excessive price volatility and speculation

Regulatory Changes

The Short-Term ASM framework continues to operate with Stage-I and Stage-II classifications. Securities under ST-ASM are subject to additional surveillance measures including:

  • Enhanced monitoring of trading activities
  • Stricter position limits
  • Additional margin requirements
  • Periodic review for continuation or exclusion

Compliance Requirements

  • Trading members must ensure compliance with enhanced surveillance measures for listed securities
  • Additional margin requirements apply to positions in ST-ASM securities
  • Regular monitoring and reporting of unusual trading patterns required
  • Investors should exercise caution when trading in securities under surveillance

Important Dates

  • Effective Date: July 30, 2025 - All changes to ST-ASM framework become applicable

Impact Assessment

The addition of BCG and VIMTALABS to Stage-I surveillance indicates increased regulatory scrutiny due to potential volatility concerns. The exclusion of IDEALTECHO and MIRCELECTR suggests improved trading patterns. Securities under ST-ASM may experience:

  • Reduced speculative trading due to enhanced monitoring
  • Higher margin requirements affecting trader participation
  • Improved price discovery through surveillance measures
  • Potential impact on liquidity due to additional restrictions

Impact Justification

Regular surveillance framework update affecting specific securities with trading restrictions