Description
NSE updates ASM framework with securities moving between stages, two companies moved to Long-Term ASM Stage I, and one company excluded from ASM framework.
Summary
NSE has updated its Additional Surveillance Measure (ASM) framework effective July 31, 2025. Two securities have been moved from Short-Term ASM to Long-Term ASM Stage I, while one security has been excluded from the ASM framework entirely and moved to Enhanced Surveillance Measure (ESM).
Key Points
- InfoBeans Technologies Limited and Sharda Cropchem Limited moved from ST-ASM to LT-ASM Stage I
- Times Guaranty Limited excluded from ASM framework and moved to ESM framework
- No securities moved between other ASM stages
- Consolidated ASM list shows securities across different surveillance stages
Regulatory Changes
- Implementation of Long-Term ASM Framework Stage I for two additional securities
- Migration from Short-Term to Long-Term surveillance for qualifying securities
- Enhanced surveillance framework application for one security
Compliance Requirements
- Trading members must comply with enhanced surveillance requirements for listed securities
- Securities in Stage IV may be shifted from Rolling Settlement to Trade for Trade basis (T+3)
- Market participants must monitor position limits and trading restrictions for ASM securities
Important Dates
- Effective Date: July 31, 2025
- All changes to surveillance measures become applicable from this date
Impact Assessment
- Limited immediate market impact as only three securities affected
- Enhanced monitoring requirements for InfoBeans Technologies and Sharda Cropchem
- Stricter surveillance measures for Times Guaranty Limited under ESM framework
- Continued regulatory oversight of securities under various ASM stages
Impact Justification
Affects trading conditions for specific securities under surveillance framework